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

Related Topics

REQUEST A CALL BACK

We Are Always Ready To Help You

YOU CAN TRUST POINT

For Expert Financial Advice