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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

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

*Risk Disclaimer: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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