GOLD - WEEK OUTLOOK

20 окт. 2019 г.

Hi Guys,

Based on first chart, we can see that gold still within the pennant shape, where it might touch 1478 before breaking upwards. Supported by the H1, and H4 chart, gold is likely to go down first to 1478 before spiking up to test the upper resistance. But, based on the market sentiment and news, we might see gold move lower due to higher chance of BREXIT deal and cool off on the trade war between China and US...

Will update after market open tomorrow...