20.11.202018:13 外汇市场分析评论: Gold continues to respect key support at $1,850

Gold price is bouncing again off the key support of $1,850. Price made a low this week at $1,852 and is now trading at $1,872. Support has held once again. No sell signal given. Bulls need to break above $1,900-$1,906 resistance in order to challenge $1,950.

Exchange Rates 20.11.2020 analysis

Red rectangles- resistance levels

Green rectangle- key support

Gold price continues to trade sideways.For a bearish signal price must break below the green rectangle and stay below it. First obstacle for bulls is at $1,906. Breaking above it will push price towards the next major resistance at $1,950. We prefer to be neutral at current levels or open small long positions near support levels and small short positions near resistance levels.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Alexandros Yfantis,
分析专家
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