GOLD\XAUUSD (Y20.P4.E2.v3).Macro.Upward pressure.

٢٤ أكتوبر ٢٠٢٠

Hi All,

This is another post that continues on from the previous, like supplied below.
This methodology of posting gives the trading story and keeps posts short and to the point.

As for Gold, I have it in the coming days with downward pressure however I would suggest sideways price action in a range as it slowly establishes a support level as per chart.
Then it will gain its upwards momentum.

> Main point, weekly 21 EMA still acting as support.
> Note the phoeix trader
The following chart and indicators tell the story.

Weekly chart: Note the indicators, besides the phoeix, the others have not crossed over.


Daily chart



Please give me a like or tick for this post


Regards,
S.SAri

٢٥ أكتوبر ٢٠٢٠

ملاحظة

more downward pressure