This is a technical analysis of GOLD/USD pair:
- EXPECTATION of the opening market at 11pm for Sunday 29th of November 2020.
- RANGING Price between support and resistance (5-15Minutes Max)
-BUYS and SELLS for scalpers during the slow market before the opening London session on Monday morning.
Gold still showing short position not yet tested 1792.58 (price from July 2020) due market closure and further resistance at 1800.46 (1h Fibonacci Retracement 1879.81-1800.42)
If Bears push down the price further, we would have 1774.35 (current low since August 2020) if broken further lows at 1766.28 (0.382 Fibonacci Retracement 2075.28-1266.38)
- EXPECTATION of the opening market at 11pm for Sunday 29th of November 2020.
- RANGING Price between support and resistance (5-15Minutes Max)
-BUYS and SELLS for scalpers during the slow market before the opening London session on Monday morning.
Gold still showing short position not yet tested 1792.58 (price from July 2020) due market closure and further resistance at 1800.46 (1h Fibonacci Retracement 1879.81-1800.42)
If Bears push down the price further, we would have 1774.35 (current low since August 2020) if broken further lows at 1766.28 (0.382 Fibonacci Retracement 2075.28-1266.38)