#gold# WEEKLY OUTLOOK OCT 1-6 #GOLD #GOLD @ $ 1848.50- Gold lost 4% of its value in a steep decline last week. As I have stated in my weekly outlook that if $ 1901 breaks, there is a risk for test of 1848-50 zones. Gold is now entered into a new territory. While on the upside, it must first overcome the tough price range of $ 1882-84 to challenge $ 1898. If it doesn't go beyond the 1st barrier, it will potentially hit the new lows. The crucial level on the downside is $ 1836–38 on break #gold#