Gold- caught between Biden and Trump
As expected, Gold was very volatile and every poll influenced the price. Today's top is 1916 and low 1883 with a 330 pips range till now.
I expect volatility to continue through the day and we should have a clarification, hopefully, on NY close.
From the technical point of view, the price is still bearish (And so am I), and the incapacity to hold above 1900 zone would put strong pressure to the downside.
A daily close under 1890 should accelerate losses and the first target would be 1850 zone but, as I said in my previous commentaries, I would not be surprised if the drop will reach 1800.
In case of a close above 1900 Gold can be stuck in a range between 1880 and 1920
I expect volatility to continue through the day and we should have a clarification, hopefully, on NY close.
From the technical point of view, the price is still bearish (And so am I), and the incapacity to hold above 1900 zone would put strong pressure to the downside.
A daily close under 1890 should accelerate losses and the first target would be 1850 zone but, as I said in my previous commentaries, I would not be surprised if the drop will reach 1800.
In case of a close above 1900 Gold can be stuck in a range between 1880 and 1920
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.