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GOLD to skyrocket if US stimulus package deal passes – GOLD Market Outlook – 01/10/2020


Safe haven demand remains resilient with the yellow metal bouncing off the 1880 support level, continuing to print higher in early session today as we look for an hourly close above 1900 resistance level to open the door to further upside with 1920 as the next resistance target. All eye’s today on Initial Jobless Claims data and the anticipated vote on the latest stimulus package, that said, keep 1940 third resistance target in mind.

Support: 1880/ 1860
Resistance: 1900/ 1920 /1940

SquaredFinancial Daily Market Outlook


Source: https://www.squaredfinancial.com/learn/daily-market-outlook/gold-to-skyrocket-if-us-stimulus-package-deal-passes-gold-market-outlook-01-10-2020
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