Analysis of 2020/04/25 on the future of gold (60 COMEX)
Hi dear follower, I present you the analysis of 2020/04/25 on the market of gold futures (60. COMEX) .
From April 21st to April 23rd the market of gold futures (60. COMEX) was on the rise.
On April 24th the market broke the support and made a pull-back on the resistance which at the beginning was the support to try to start a bearish trend which didn't pronounce well
At the moment the high sales volume followed by the break of the VWAP shows us that the market has a will to continue the upward trend.
If the market breaks with force 1745.5 we can enter into a buy position with a target of 1759.4 and a stop loss of 1745.6.
From April 21st to April 23rd the market of gold futures (60. COMEX) was on the rise.
On April 24th the market broke the support and made a pull-back on the resistance which at the beginning was the support to try to start a bearish trend which didn't pronounce well
At the moment the high sales volume followed by the break of the VWAP shows us that the market has a will to continue the upward trend.
If the market breaks with force 1745.5 we can enter into a buy position with a target of 1759.4 and a stop loss of 1745.6.