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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.

Resistance	1920.00	1925.00	1931.00
Support	1910.00	1905.00	1900.00

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