GOLD Nov, 20 2020

Technical Analysis
Friday, November 20, 2020 - 06:00
Point Trader Group
GOLD Nov, 20 2020

Overview:

prices are moving in a short term bearish direction.

Expected:

The pair is trading above a strong support level around 1850, which enhances the chances of a bullish move during today's trading to 1870-1885.

Alternative Scenario:

On the other hand, we see that if the level of 1850 is broken to the downside, this pair might be pushed down to 1830. 

 

Resistance1870.001885.001895.00
Support1849.001830.001815.00

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