You do not know what to do with gold? Buy!

You do not know what to do with gold? Buy! In early October, speculators were confident in the fall in prices for all assets with the participation of gold - the volume of bets on the decline was the maximum. Now the positive dynamics are maintained, but the volatility remains high. There are no fresh fundamental factors for gold, but you want to make money!The British factor continues to influence the global market, and not only with increased interest in buying the precious metal to hedge against inflation. England's new Chancellor of the Exchequer, Jeremy Hunt, did not support a tax-cut gamble that would have cost the British economy 50bn. He also announced a reduction in subsidies to consumers of electricity of 100bn, a burden that the crisis budget would not be able to withstand. Hunt explained this decision by the need to stabilize financial markets, which was positively received by investors, as the risks of an additional increase in inflation and public debt are reduced.Additional support for gold was provided by the decline in US bond yields. Today, the next Beige Book report will come out - let's see how the real US economy reacts to the election policy of the Biden administration.In any case, institutional investors have decided to refrain from new transactions until the next Fed meeting, which will be held on November 2. So for now, big business has switched to gold speculation.Now XAU/USD is developing bullish momentum and has a real upside potential to the $1750/80 big option zone. Risks can be limited to $1610/20, and intermediate profit can be fixed at $1680, $1710 and $1750.Profits to yall!