Gold prices hit a record high of nearly $2,800 an ounce on Tuesday (October 29), continuing to outperform the broader stock market this year. So far this year, gold has surged more than 34%.
Uncertainty surrounding the US presidential election and conflict in the Middle East, as well as expectations of interest rate cuts by the Federal Reserve, boosted gold's appeal.
Gold hit a record high of $2775.26 an ounce before closing at $2773.67.
Operation suggestion: Gold opened in the morning at the position of 2742.3 after the market back to the position of 2739.5 after the market strong pull up, giving the previous historical high of 2758 after the market pressure to give the position of 2745.8 after the market in the United States by fundamental stimulus strong pull up, breaking the previous historical high after the highest reached the position of 2774.9 after the market collated, The daily line finally closed at the position of 2774.5 after the market with a lower shadow line slightly longer saturated sun line closed, and this form ends.
Trading strategy: long near 2762, stop loss 2755, target 2775-2793.
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