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Gold Has Been In Consolidation Mode

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Gold has been in consolidation mode since setting a new all-time high against the US dollar in August and making a short-lived break above that all-important psychological milestone of $2,000 per ounce. It recently broke out of a symmetrical triangle, retested it as support, and has since been trading sideways since the bulls have failed to muster the energy to push it back up to those recent highs.

TREND : BEARISH

Time                                      :           26/10/2020

Pivot                                     :       1904.30   

Technical View                     :           LONG ABOVE 1909.12

Target                                   :           1913.96, 1924.01, 1933.81

Technical View                      :           SHORT BELOW 1899.01

Target                                   :           1893.71, 1884.01, 1873.86

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