Gold Daily: 22 Oct 2020

Our prediction played out perfectly yesterday.

We tested 1925 as support and rallied straight to 1935 where we have found high of the day.

During the overnight session, Gold wasn't able to hold the 1925 level and currently is trading at weekly VWAP.

By looking at structure 1925 will play a key role in today's session as well.

If we manage to break it and prices will accept above, we can expect further upside to 1935 and eventually 1954 if we would have trending day.

Rejection from 1925 will most likely take us somewhere between 1910 and 1905 which are weekly Pivot and naked POC.



Important zones

Resistance: 1925, 1935, 1954
Support: 1910, 1905, 1880

Macroeconomic releases
X