Analysis of Gold for September 16,.2020 – Watch for the breakout of well defined symmetrical triangle to confirm further

Trading 16 sept 2020 Donner votre avis
  • Retail sales control group -0.1% vs. +0.3% estimate
  • Retail sales ex auto +0.7% vs. 1.0% estimate
  • Retail sales ex auto and gas +0.7% vs. 0.9% estimate
  • ex auto and building materials 0.5% vs. 1.7%
  • ex food services +0.1% vs. 0.5%
  • gasoline sales +0.4% vs. July is up 4.4%
  • cars/parts sales +0.2% vs. July's -1.0%
  • food and beverages -1.2% vs. +0.6%
  • furniture +2.1% vs. +0.9%
  • sporting-goods -5.7% vs. -5.3% last month
  • Gen. merchandise -0.4% vs. -1.1% last month. Department store sales fell -2.3% vs. 2.0% last month
  • eating and drinking increased to 4.7% vs. 4.1% last month

analytics5f6214292f670.jpg

Further Development

analytics5f62145a0ad7d.jpg

Analyzing the current trading chart of Gold, I found that the price is still inside of the trading range and that is awaiting for the breakout.

1-Day relative strength performance Finviz

analytics5f621466535bf.jpg

Based on the graph above I found that on the top of the list we got VIX and Crude Oil today and on the bottom Lumber and Coffee.

Key Levels:

Resistance: $1,973

Support levels: $1,863 and $1,818.

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

Fatal error: Uncaught Exception: 12: REST API is deprecated for versions v2.1 and higher (12) thrown in /var/www/forex-winner.com/htdocs/wp-content/plugins/seo-facebook-comments/facebook/base_facebook.php on line 1039