FxWirePro: Gold daily outlook
来源: FxWire Pro - Technicals / 27 十月 2020 04:15:16 America/New_York
Ichimoku analysis (4-Hour chart)
Gold has shown a minor recovery from a low of $1891. The increase in the number of new coronavirus cases in the US and Europe has increased demand for Safe-haven assets. The number of people hospitalized in the US is at a 2-month high. The US dollar index has once again declined after showing a minor jump above 93. Any violation above 93.13 (55-4H EMA) confirms bullish continuation. The US 10-year yield declined nearly 6% after hitting a 4-month high at 0.872%.
. The US new home sales fell by 3.5% to 959000 million units compared to a revised 994000 in August.
In the 4-hour chart, Gold is facing strong resistance near 200-MA at $1910. Any break above will take the pair till $1921/$1933. On the lower side, near term intraday support is around $1880 and any indicative break below that level will take the pair till $1860/$1848.
It is good to buy on dips around $1880 with SL around $1868 for the TP of $1920/$1933.© FxWire Pro 2020. All rights reserved. The FxWire Pro content received through this service is the intellectual property of FxWire Pro or its third party suppliers. Republication or redistribution of content provided by FxWire Pro is expressly prohibited without the prior written consent of FxWire Pro, except for personal and non-commercial use. Neither FxWire Pro nor its third party suppliers shall be liable for any errors, omissions or delays in content, or for any actions taken in reliance thereon.