GOLD September, 28 2020

Technical Analysis
Monday, September 28, 2020 - 18:16
Point Trader Group
GOLD September, 28 2020

Overview:

The chart above shows that the pair is trading below a strong resistance level around 1876, which enhances the downside chances during today's trading

Expected:

Continuing to trade below the aforementioned resistance level, may push the pair down to 1855

Alternative Scenario:

On the other hand, we think that if the level of 1876 was broken to the upside, this pair might push up to 1890


 

Resistance1876.001890.001895.00
Support1855.001845.001840.00

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