GOLD Forecast and Technical Analysis October 10th

Fundamentals:

Gold prices gained in Asia on Tuesday with physical demand from India during the festival season and the other top importer China as markets gear up after a week-long holiday last week.

XAUUSD Gold Price rose 0.31% to $1,289.05 1290 USD.

Overnight, gold prices rose on Monday supported by a dip in the dollar as an uptick in geopolitical uncertainty increased demand for safe-haven gold but growing expectations that the Federal Reserve will hikes rates for the third time this year capped gains.