Gold october 23th 2018 analysis
In an update on Monday, the $ 4,000 key hexagreement in the United States of America was listed in the $ 4-D price as the appropriate trading range for gold ounces. As you can see, the gold oversized graph reacts to this support and even pins up the bullish pitch. The first trading profit margin for buying ounces of gold at the high of October 19 was $ 1230 at $ 8, which is a little bit with a key resistance of $ 1.1234 in 1234. The reason for choosing a four-hour key support as the appropriate place to enter the purchase of gold ounces, the quarterly demand area 1220.1-1215.6, the daily support area 1221.2-1.207.50, the becoming the weekly resistance 1214.4, the weekly support and The smooth path of the uptrend has been to chart the weekly ounces of gold until the weekly resistance of $ 1236.6. This weekly resistance is consistent with a daily resistance of $ 1236.9.
Price action strategy
Except for the four-hour key support in 1220, there is no other trading opportunity on the market. If the quarterly chart again hits 1220.3 and 1220.1-1215.6 hours, you can still look for the golden ounce purchase signal.