Gold to end week at the highest level

Trading 06 Nov 2020 Donner votre avis

After a volatile week Gold price is breaking to the upside. Bulls are recapturing key resistance levels. Holding above $1,900 was important for bulls and focusing on the bigger picture, Gold bulls recapturing $1,950 is a big step towards starting a new upward wave.

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Red line -resistance trend line

Gold price is now ending this week at the highest level for the last 9 weeks. This is an important step towards a new upward wave that could bring Gold price to $2,000 and higher. Bullish trend is alive and remains valid as long as price is above $1,900.

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

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