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Gold downside bias holds after trendline break – UOB

Spot gold remains under pressure after breaking an ascending trendline on 22 October and falling below $3,943 to a one-year low near $3,870 on 30 October.

Original · FXStreet AI summary of public reporting

Why: Gold breaks ascending trendline and hits one-year low → downside bias

GOLD

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At publication → Current
GOLD3,908 → 3,937+0.7%
Gold downside bias holds after trendline break – UOB | SignalHub