(04 November 2020)Gold spot ($) Key resistance at 1906.00.

(04 November 2020)Gold spot ($) Key resistance at 1906.00.

4 November 2020, 12:34
Jiming Huang
0
71

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Pivot
 (invalidation): 1906.00
Our preference
Short positions below 1906.00 with targets at 1881.00 & 1872.00 in extension.
Alternative scenario
Above 1906.00 look for further upside with 1916.00 & 1925.00 as targets.
Comment
As Long as 1906.00 is resistance, look for choppy price action with a bearish bias.

(By Swissquote TRADING CENTRAL)


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