News Jin Weekly Report: Downside target for gold prices points to $3,700–$3,760

on Nov. 1, according to Jinshi Data, the Gold Investors Weekly stated that strong technical selling pressure on Friday weighed on gold prices, while the fundamentals of gold are instead improving.

The weekly report noted that based on the cyclical supply and demand zones currently below the gold price, the downside target points to $3,760 to $3,700.