Ouro/Dólar AmericanoViés de baixa
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
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