A quick and simple analysis on Gold week ended 25 September 2020
Hi all,
I was just taking a quick (and simple) review on gold based on the longer time frames.
I note the following support levels (effectively where price is at the moment) on the daily chart time frame:
- 23.6 fib retracement
- 89 EMA
- August 2020 low
Perhaps if there a break of these levels in the next week or so, then this may trigger further downside.
Best of luck to all,
bazzman78tv
27 September 2020
I was just taking a quick (and simple) review on gold based on the longer time frames.
I note the following support levels (effectively where price is at the moment) on the daily chart time frame:
- 23.6 fib retracement
- 89 EMA
- August 2020 low
Perhaps if there a break of these levels in the next week or so, then this may trigger further downside.
Best of luck to all,
bazzman78tv
27 September 2020
bazzman78tv
Updated December 2021
Updated December 2021
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.