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GOLD shed 100 points after Pfizer vaccine news – GOLD Market Outlook – 10/11/2020


100 points !!! The yellow metal shed more than 100 points as we short positioned, after Pfizer and partner BioNTech announced a 90% success rate for their vaccine, with Pfizer CEO saying it is the most significant medical advance in the last 100 years. Safe haven demand however is far from over, with technicals favoring higher prints, looking at 1900 as the next closest resistance target, coinciding with the 200 period SMA on the hourly chart.

Support: 1880/1860
Resistance: 1900/ 1920

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Source: https://www.squaredfinancial.com/learn/daily-market-outlook/gold-shed-100-points-after-pfizer-vaccine-news-gold-market-outlook-10-11-2020
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