First published by Money Metals Exchange here:
https://www.moneymetals.com/news/2022/11/01/why-golds-losing-streak-may-soon-turn-around-002619
The gold market enters trading for the month of November on a losing streak. Can bulls finally turn things around? Their first test will be to defend the line of support established from the September and October lows. Although the gold market registered a seventh consecutive monthly decline in October – marking its worst string of monthly losses in 50 years – daily prices didn't actually break down to new lows for the year.
