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Gold attempting to break higher after fresh stimulus hopes – GOLD Market Outlook – 21/10/2020

SquaredFinancial

A rising uptrend in Coronavirus infections in the U.S., tighter restrictions across Europe, and fresh hopes for stimulus aid after House Speaker Pelosi told Bloomberg that an agreement is urgently needed and that she was hopeful it could be passed, provided support for higher prints on the yellow metal, as it hit our long entry resistance target at 1920, with technicals favoring further upside in today’s session.

Support: 1912 – 1900 / 1890
Resistance: 1920/ 1930 – 1940

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/gold-attempting-to-break-higher-after-fresh-stimulus-hopes-gold-market-outlook-21-10-2020
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