GOLD Short term move with longer term perspective - 28/Oct/2020

Hello Traders,

Hope you all are doing good!!

As i explained in my earlier post for GOLD, GOLD traded between 1895-1932 range for around a week.

Finally G:S is broken above the 80 level and also from the month old trend line which moved GOLD further down to 1880 level.

Now after this strong break above of G:S, i expect it to retest the broken level & hence, GOLD might be going to retest 1895 level before moving further downwards.
There is also a probability for GOLD to retest even further till 1903 level, hence, we must watch the price action around 1895 level.

On medium term, i expect price to test the recent lows at 1850 level, and held for quiet a time between 1850 & 1880 levels.

On longer term, if 1850 level broken below, i expect price to test the 1750 & then 1700 levels.

Please follow me and like if you agree or this idea helps you out in your trading plan.

Disclaimer: This is just an idea. Please do your own analysis before opening a position.