Gold Daily : 20 Oct 2020
As Gold made an attempt to break the resistance we have mentioned in yesterday's analysis but failed to sustain the momentum.
We could have seen the rapid selloff later in the session which continued all the way down to the 1900 area we pointed out yesterday.
The 1900 level will play the key role as a support and if it breaks we can expect continuation lower.
Above the current price point, we have 1910 which is the weekly pivot point and vwap, this level sticks out at key resistance for a continuation lower.
Important zones
Resistance: 1910, 1918
Support: 1897, 1885
Macroeconomic releases
X
We could have seen the rapid selloff later in the session which continued all the way down to the 1900 area we pointed out yesterday.
The 1900 level will play the key role as a support and if it breaks we can expect continuation lower.
Above the current price point, we have 1910 which is the weekly pivot point and vwap, this level sticks out at key resistance for a continuation lower.
Important zones
Resistance: 1910, 1918
Support: 1897, 1885
Macroeconomic releases
X
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