GOLD September, 21 2020

Technical Analysis
Monday, September 21, 2020 - 20:06
Point Trader Group
GOLD September, 21 2020

Overview:

We notice on the chart above that the pair is trading at the highest level of strong support around 1865, which enhances the chances of the upside during the upcoming period

Expected:

Continuing trading above the aforementioned support level, may push the pair to rise to 1920-1945

Alternative Scenario:

We think that if the 1865 level is broken, it might push the pair down to 1840


 

Resistance1920.001930.001945.00
Support1865.001850.001840.00

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