Trading news

Gold Remains Bid – GOLD Market Outlook – 18/11/2020

Gold is attempting to print higher in early trade today, hovering around the 1880 support level despite nearby and several resistance levels weighing down on higher prints (20, 50 and 200 period SMA) as investors continue to digest warnings out of Fed Powell and ECB Lagarde concerning the second wave and surging infections. Technically, a long entry is favorable on a tight stop with back to 1880 support level.

Support: 1880/1860
Resistance: 1900/ 1920

SquaredFinancial Daily Market Outlook

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SquaredFinancial Review

Wednesday, 18 Nov, 2020 / 8:47

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Source : https://www.squaredfinancial.com/learn/daily-market-outlook/gold-remains-bid-gold-market-outlook-18-11-2020

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