Analysis of Gold for November 04,.2020 – Key pivot level set at $1.911. Watch carefully for the price action around it to

Trading 04 Nov 2020 Donner votre avis

This is the same as Wisconsin earlier (Milwaukee was the turn there) as Wayne County (Detroit) just reported roughly 150,000 ballots and nearly 140,000 were for Biden.

That has seen Trump's lead in Michigan cut to +1.4 from +5 earlier, with 83% of votes now estimated to be reported.

A 270-268 victory for Biden is shaping up to be a real possibility based on the latest swings. No doubt though, Trump will certainly contest such an outcome.

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Further Development

Analyzing the current trading chart of Gold, I found that there is big flat condition on the Gold and outside range today, which is sign for increased volatility.

1-Day relative strength performance Finviz

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Based on the graph above I found that on the top of the list we got Lumber and Nasdaq 100 today and on the bottom VIX and Natural Gas

Gold is neutral on the list, which is sign of indecision...

Key Levels:

Resistance: $1,911

Support levels: $1,870

The material has been provided by InstaForex Company - www.instaforex.com

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