XAUUSD GOLD retrace off 1900
CURRENT EVENTS:
Gold prices spiked to $1900 in Asia session yesterday, jumping to 6-week highs after lawmakers in Washington agreed to $900 billion package of pandemic aid.
LOOKING FOWARD:
Covid Crisis has European nations close all travel and traffic with the UK – the world's 5th largest economy – where a new strain of Covid-19 forced the Government to impose new lockdown restrictions and ban any Christmas gatherings across most of the country.
TODAY SUPPORT:
Very simple targets of previous lows.
Target 1 - 1868.89
Target 2 - 1851.22
Gold prices spiked to $1900 in Asia session yesterday, jumping to 6-week highs after lawmakers in Washington agreed to $900 billion package of pandemic aid.
LOOKING FOWARD:
Covid Crisis has European nations close all travel and traffic with the UK – the world's 5th largest economy – where a new strain of Covid-19 forced the Government to impose new lockdown restrictions and ban any Christmas gatherings across most of the country.
TODAY SUPPORT:
Very simple targets of previous lows.
Target 1 - 1868.89
Target 2 - 1851.22
Note
Note
TARGET 1 HitStops moved to entry for USA GDP high impact news in 4 hours
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.