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22.10.202114:39 Forex Analysis & Reviews: Analysis of Gold for October 22,.2021 - Key resistance at $1.800 on the test

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Technical analysis:

Exchange Rates 22.10.2021 analysis

Gold has been trading upside towards $1,800. The level of $1,800 is key swing high and very important pivot level.

Trading recommendation:

Key resistance level at $1,800 is on the test.

Watch carefully the price action around key level.

Downside reaction of the pivot at $1,800 can provide downside towards $1,788

The upside continuation breakout of the $1,800 can provide higher level and test of $1,829

Petar Jacimovic
Analytical expert of InstaForex
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