Gold Daily : 21 Oct 2020
After an initial rejection from the weekly wvap which was our resistance level, Gold held the strength and moved higher.
As we have rallied over 1918 which was a key resistance level and accepted above, we are looking for continuation today to 1925 and 1935 that are higher levels of resistance.
1918 will be once again a key level of support, if we start losing it we are most likely going to see a test of weekly vwap once again and yesterday's point of control.
Important zones
Resistance: 1925, 1935
Support: 1918
Macroeconomic releases
X
As we have rallied over 1918 which was a key resistance level and accepted above, we are looking for continuation today to 1925 and 1935 that are higher levels of resistance.
1918 will be once again a key level of support, if we start losing it we are most likely going to see a test of weekly vwap once again and yesterday's point of control.
Important zones
Resistance: 1925, 1935
Support: 1918
Macroeconomic releases
X
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