Gold Daily : 26 Oct 2020

After Friday tested the previous vwap and sold off later in the session, we lean more towards continuation lower at the beginning of the session.

1892 will play a crucial role in further price development.

If it fails to hold we can expect continuation lower, on the other hand, if the buyers step in we can expect movement to the upside back to 1912 area.

Important zones

Resistance: 1912, 1917
Support: 1892, 1877

Macroeconomic releases
X