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28.10.2021: Forex Analysis & Reviews: Analysis of Gold for October 28,.2021 - Inside day formation. Watch for the breakout....


Technical
analysis:

analytics617a8eabd1207.jpg


Gold
has been trading sideways in last few days and I see inside day
formation. Watch for the breakout to confirm further direction....


Trading
recommendation:


Due
to inside day formation on the daily, watch for the breakout of the
pivot high or pivot low to confirm further direction.


Upisde
breakout of the resistance at $1,810 can confirm upside movement
towards $1,830, in that case watch for buying on the dips...


Downside
breakout of support at $1,783 can confirm drop towards $1,760 and in
that case watch for selling on the rallies after the breakdown...

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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