CFDs on Gold (US$ / OZ)
Long
Updated

GOLD Situation - 21/Oct/2020

101
Hello Traders,

Hope you all are doing good!!

GOLD is under bullish momentum.
1900 level will act as support as long as the G:S ratio is under 79 level.

G:S is under weekly VWAP , however has a support level at 75.5, hence i expect gold to rise till 1932 level & find some resistance there.

G:S has to break the 80 level in order to make GOLD go in bearish momentum & 75 level for more Bullish momentum.

Till then, i believe 1895 to 1932 levels in gold will serve as range.

Please follow me and like if you agree or this idea helps you out in your trading plan.

Disclaimer: This is just an idea. Please do your own analysis before opening a position.
Trade active
Gold bounced today from 1895 level same as per our analysis!!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.