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[QUOTE="Vlad RF, post: 237398, member: 61796"]
[B][SIZE=5]Gold (XAUUSD) continues to correct, falling to the area near 2,600 USD[/SIZE][/B]

The XAUUSD price continues to correct downwards following Friday’s positive US labour market data release. Today’s market focus is on the Fed meeting minutes. Our XAUUSD analysis for today, 9 October 2024, provides further details and insights.

[B]XAUUSD technical analysis[/B]

Gold prices continue to correct moderately as part of the uptrend. A triangle technical pattern has formed on the H4 chart, and the quotes fell below its lower boundary at 2,630 USD yesterday. Subsequently, they declined to the target support area near 2,600 USD, where the quotes encountered demand from buyers.

[IMG]https://roboforex.com/uploads/roboforecast/roboforex_com/99/2024/October/09/xauusd-2024-10-09.png[/IMG]

Gold prices are moderately correcting downwards, edging down to the support area near 2,600 USD.

Read more - [URL="https://roboforex.com/beginners/analytics/forex-forecast/commodities/xauusd-gold-forecast-2024-10-09/?utm_source=earnforex.com&utm_medium=listing&utm_campaign=rf_en_analytics&utm_content=externalforums+text"]Gold Forecast[/URL]

[I][B]Attention![/B]
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.[/I]

[B]Sincerely,
The RoboForex Team[/B]
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