Gold May Face Sell-Off. Forecast as of 05.11.2024

From a fundamental perspective, gold's streak of all-time highs had solid grounds. However, many of XAUUSD's tailwinds are no longer as effective as they were. Will this be a reason for the precious metal to start a correction? Let's discuss this topic and make a trading plan.Highlights and key points Demand for gold in the third quarter has hit record highs. Investment appetite more than doubled. XAUUSD correction risks due to the election results are high. Gold may slide to $2,710, $2,685