Gold october 24th 2018 analysis

Gold october 24th 2018 analysis

Gold october 24th 2018 analysis

In reports on Monday and Tuesday, the World Gold Ounces Price Option was quoted as saying that the price of gold was below the four-hour key support of $ 1220, $ 3 as a signal to buy gold ounces. Yesterday, the ounces of gold raised a strong uptrend back, reaching the target high of October 19 (1230.8) and a key resistance of $ 1 in 1234. Even the ounces of gold came close to the 4-hour supply range in 1245-12-12340.
The four-hour key support in 1220 $ 3 was strengthened by the quarterly demand region at 1220.1-1215.6, and the support area was supported daily by 1221.22-17.207. Meanwhile, the weekly resistance of $ 1214.4 was broken and backed up, and the weekly ounces of gold showed up from a market upside of 1236.9 dollars.

Read more: Trendline indicator for forex and stock market

Price action strategy

It is possible to see a decline in the price of gold ounces in today’s trading session this week. Not only was the ounce of gold close to the 12-month high 1245.-1240. 3 range supply, but also a 1236.6 weekly resistance and a daily resistance of $ 1236.9 a touch. That’s why the current 4 hrs supply could be followed by an ounce gold deal. The first profit margin for selling ounces of gold, the daily support support ceiling will be $ 1,221.2. You can enter a gold ounce deal starting at $ 1240.3 and set a stop loss above 1245.0 or wait for a 4-dollar downtrend before you enter the sales deal.

Gold october 24th 2018 analysis

analysis

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