empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

01.10.202013:26 Forex Analysis & Reviews: Analysis of Gold for October 01,.2020 - The gold is getting closer to the key pivot level at $1.905, watch carefully for the price action around it....

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.
Brexit: 'Landing zone' on state aid said to be identified, but fishing is the last sticking point

Officials with knowledge of the talks say a landing zone on state aid has been identified but "fishing is the last sticking point. We both have to jump together." The mood in Whitehall as "cautiously optimistic" but insiders warn "it's going to go to the brink."

And back up the pound goes, with cable rising from 1.2840 levels to 1.2900 currently. An earlier report by Reuters mentioned that state aid was one of the key sticking points but it appears that there might be room for a compromise based on the latest update here.

Exchange Rates 01.10.2020 analysis

Further Development

Exchange Rates 01.10.2020 analysis

Analyzing the current trading chart of Gold , I would carefully watch for the price action around the key pivot level at $1,905

The upside breakout of the pivot at $1,905 might lead Gold for test of $1,955

The bigger rejection of the pivot at $1,905 might lead Gold for test of $1,848

1-Day relative strength performance Finviz

Exchange Rates 01.10.2020 analysis

Based on the graph above I found that on the top of the list we got Orange Juice and Natural gas today and on the bottom Cocoa and VIX.

Gold is on the positive territory on the list...

Key Levels:

Resistance: $1,905

Support level: $1,847

Petar Jacimovic
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off