Gold rebounded as the U.S. dollar weakened from a two-month peak ahead of this week's U.S. presidential debate. President Donald Trump and former Vice President Joe Biden will face off in their first presidential debate on Tuesday.

Although it rose on Monday, it is still moving below the peak level of $2,075 reached in August. From the technical side, gold is currently in the correction area, there is a Sell opportunity that can be taken with a price target that has the potential to fall back to the 1860 - 1850 area.

GOLD rose, erasing early losses as the dollar retreated from a two-month peak ahead of this week's US presidential debate, although a rebound in stock markets capped bullion's gains.

Daily Pick

Responsive imageToday's prediction is on the USDCHF pair, it is estimated to decrease and the recommended OP is SELL at level 0.92300, with a profit target of 10 - 20 points and a stop loss of 5-10 points. Still prioritize Money Management and Risk Management.

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