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Gold Daily : 21 Oct 2020

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

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