GOLD Situation - 21/Oct/2020

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 ativo:

Gold bounced today from 1895 level same as per our analysis!!