Analysis of Gold for October 14,.2020 – Rejection of the rising support trendline and potential for test of $1.930

Trading 14 oct 2020 Donner votre avis
  • The aim is to try to avoid the 'misery' of another national lockdown

He is trying to brush aside the pressure and calls for a 'circuit breaker' lockdown in the UK but if his current approach doesn't bear fruit soon enough, expect the naysayers to hang the virus situation over his head in the coming weeks/months.

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Further Development

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Analyzing the current trading chart of Gold , I found that sellers got exhausted today and that Gold god perfect test and reject from the major upside trendline, which is good confirmation for the further rise.

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 Palladium and Silver today and on the bottom Natural Gas and Gasoline RBOB

Gold is near the top of the list, which is good sign for the further rise...

Key Levels:

Resistance: $1,930

Support level: $1,883

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

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