Economic confidence 87.6 vs 86.0 expected
Euro area economic confidence slumped on the month amid tighter restrictions across the region and that highlights the struggle with the recovery towards the year-end.
As the restrictions look set to continue until the closing stages of the year, it makes for a very uncertain outlook going into Q1 2021 if the virus situation isn't contained.
Analyzing the current trading chart of Gold, I found that Gold is doing consolidation at the price of $1,807 but there is still chance for the downside continuation.
1-Day relative strength performance Finviz
Based on the graph above I found that on the top of the list we got Coffee and Cooper today and on the bottom Ethanol and Wheat.
Gold is flat on the list....
Support levels: $1,799 and $1,786.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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