GOLD October, 29 2020

Technical Analysis
Thursday, October 29, 2020 - 03:27
Point Trader Group
GOLD October, 29 2020

Overview:

prices are moving sideways

Expected:

We note on the chart that the pair is trading above a strong support level around 1870, which enhances the chances of a bullish move during today's trading to 1890-1900.

Alternative Scenario:

On the other hand, we see that if the level of 1870 is broken to the downside, this pair might push down to 1860-1850.

Resistance189019001915
Support187018601850

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