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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 October, 19 2020

Technical Analysis
Monday, October 19, 2020 - 12:30
Point Trader Group
GOLD October, 19 2020

Overview:

We notice on the above chart that the pair is trading above an ascending trend line, which enhances the bullish chances during today's trading

Expected:

Continuing trading above the uptrend line may push the pair up to 1920-1925

Alternative Scenario:

On the other hand, the pair may head downwards if negative signals appear below the 1925 level, targeting the 1905 level.

 

Resistance1920.001925.001931.00
Support1910.001905.001900.00

*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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