Trading news

Weak Economic Data supported higher prints – GOLD Market Outlook – 26/11/2020

Gold hit our long entry resistance target at 1815, bouncing off the 1800 support level (coinciding with the 200-period SMA on the daily chart) as the greenback continued to weaken, weighed down by a back to back rise in Initial Jobless Claims and an array of weaker U.S. economic data, spurring safe have demand with 1815 and 1835 as the next resistance targets.

Support: 1800 / 1790
Resistance: 1815 / 1835

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Thursday, 26 Nov, 2020 / 10:03

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