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Analysis of Gold for October 20,.2021 - Potential for the downside continuation

10:37 2021-10-20 UTC--4 Relevance up to 10:00 2021-10-21 UTC--4

Author: Petar Jacimovic

Popular analytics

EUR/USD. Euro takes advantage of the situation, but taking long positions are still risky

03:45 2021-10-20 UTC--4

Forecast for USD/JPY on October 20, 2021

00:06 2021-10-20 UTC--4

EUR/USD technical analysis on October 20, 2021

05:52 2021-10-20 UTC--4

Analysis and trading recommendations for EUR/USD on October 20

02:28 2021-10-20 UTC--4

GBP/USD: plan for the European session on October 20. COT reports. Pound breaks to new highs and aims for 1.3828

02:46 2021-10-20 UTC--4

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Technical analysis

EUR/USD analysis for October 20, 2021 - Overbought condiiton and potential for the downside rotation

Technical analysis: EEUR/USD has been trading upside in last few hours but I see overbought condition and potential for the price to rotation downside. Trading recommendation: Due to flat condition.

Technical analysis

Analysis of Gold for October 20,.2021 - Potential for the downside continuation

Technical analysis: Gold has been trading upside today but I see potential completion of the ABC upside correction and more downside in next period. Trading recommendation: Due to overbought condition.

Technical analysis Video analytics

Video market update for October 20,2021

Confrontational movements expected on USD/JPY and EUR/USD.

Technical analysis

Trading signal for USD/CAD on October 20 - 22, 2021: Buy above 1.2329 (1/8)

Our forecast will be bullish only if the pair remains above 1.2330. Any bounce towards this zone will be a good opportunity to buy. The eagle indicator supports our strategy.

Crypto-currencies For beginners

Bitcoin approaches absolute maximum; will it set a new historical record?

Bitcoin continues to rise, fueled by positive announcements and strong interest from the institutional audience. The coin managed to pass the $61.5k-$63.5k range but is struggling to hold near $64k.

News

Asian Pacific indices mostly up

Asian Pacific indices were mostly surging in Wednesday trading. China's Shanghai Composite and Shenzhen Composite gained 0.03% and 0.42%, respectively. The Hang Seng Index rose by 0.42%. The S&P/ASX.

Technical analysis For beginners

GBPUSD turns lower.

In our last analysis on GBPUSD we warned that price was approaching an important resistance area and a pull back was expected and justified. In our analysis we noted that.

Crypto-currencies

Bitcoin challenges all time highs.

Bitcoin is trading just above $64,000 price level and is challenging its all time highs. Although price has provided some bearish divergence signals and warnings, bulls have managed to keep.

Technical analysis

Short-term technical analysis on EURUSD for October 20, 2021.

EURUSD is pulling back and trading around 1.1640. Price recently got rejected at the 1.1670 price level where important Fibonacci resistance was found. Price remains in a short-term bullish trend.

Bullish signal in TSLA stock price provides 15% gains.

On September 27th our analysis on TSLA stock price was bullish. Price was then breaking important resistance levels and we noted that a new bullish signal was given. Price since.

Ichimoku Indicator

Gold makes baby steps towards big upward breakout.

Gold price continues to respect cloud support. In our previous posts we noted that as long as Gold price remains above the Ichimoku cloud, bulls will have the upper hand.

News

USD loses its shine among investors giving way to GBP, EUR lagging behind

Inflationary pressures raise concerns among market participants. Commodities prices have soared to record highs and this is not the limit. The cost for food and petroleum as well as heating.

GBP/USD: the plan for the American session on October 20 (analysis of morning deals). Demand for the pound weakened as inflation in the UK slowed

In the first half of the day, several excellent signals were formed to sell the pound at around 1.3788. Let's look at the 5-minute chart and analyze the entry points.

EUR/USD: plan for the American session on October 20 (analysis of morning deals). The inflation data reassured traders.

In my morning forecast, I paid attention to the 1.1632 level and advised them to make decisions based on it. Let's look at the 5-minute chart and analyze the entry.

Technical analysis

EUR/USD technical analysis on October 20, 2021

Hello, dear traders! Unfortunately for bulls, yesterday's assumption that EUR/USD might lose most of its earlier gains came true. It all started on a positive note for the euro.

Technical analysis

GBP/USD technical analysis on October 20, 2021

Hello, dear traders! Unlike the euro, the pound sterling strengthened against the US dollar yesterday. At the same time, the bullish trend will extend on one condition. Otherwise, the pound.

Technical analysis

Trading idea for AUD/CAD

AUD/CAD rose by 1,200 pips and hit the target price level. This coincides with the plan presented last October 8, which stated that bulls should take long positions after.

News

Gold's prices are predicted to further drop

Gold left the red zone yesterday and showed growth for the first time in 3 sessions. However, experts warn that there is no confidence in a bullish trend.

S&P 500 rose along with crypto stocks

US stocks continued to rally on Tuesday as strong corporate earnings helped allay fears of higher inflation. To be precise, the S&P 500 traded 0.7% higher, when the results.

Crypto-currencies

First Bitcoin-linked ETF surpasses $1 billion in trading volume. BTC approaches new all-time high

This week, Bitcoin is getting even stronger. The launch of the first Bitcoin futures-based ETF in the US is going smoothly, and the price of the number one cryptocurrency.

Fundamental analysis

Are there any prospects for the growth of the euro and pound against the US dollar?

Today, the focus of the investors in the currency market is on the publication of important data – consumer inflation in the UK and the eurozone, which can have.

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We present to you the daily updated section of market analysis prepared by professional analysts of InstaForex Company. Each of the specialists represented in this section, carries out analytical reviews in accordance with his/her vision of the current situation on foreign exchange and other markets. However, the outlooks below are only recommendations and not instructions to any actions; they contain analysis of the current situation on the currency market. In some cases the analysts' opinions to changes in the current market situation can differ, in this way, we recommend you to follow the publications of only one analyst, who in your view most clearly and correctly evaluates the situation on the international Forex market.