Main Quotes Calendar Forum
flag

FX.co ★ Gold price breaks above key trend line resistance and targets $1,950

parent
Forex Analysis:::2020-10-09T13:46:35

Gold price breaks above key trend line resistance and targets $1,950

Gold price has broken the resistance trend line at $1,913 and continues making higher highs and higher lows. Price has respected support at $1,880 and now is challenging new short-term higher highs.

Gold price breaks above key trend line resistance and targets $1,950

Red line - resistance trend line

Green rectangle -support

Blue rectangles -targets

Gold price could start a new upward move with $1,950 as first target and $1,985-$2,000 as the second target area. Price has support at $1,880 and as long as price is above that level, bulls remain in control of the trend.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...