GOLDVIEW REPORT - UPDATED

Oct 27, 2021

H1 CHART -
Support and resistance range 1780 - 1810
- resistance held well at 1810
- Gold is retracing down targeting the open gaps left. Direction is still Bullish and yet to see stronger confirmations for a trend breakout.
- MA200 is currently acting as support around 1785, if broken next level will be 1778
- MA63, 84 and 21 moving averages are all above price action acting as resistance, if challenged and broken we can expect another challenge at 1810.
- Overall the price is Bullish with good buying opportunities.
- next level of support 1778 and then 1770

H4 CHART -
Support and resistance range 1781 - 1804
- strong bounce of at 1804 resistance
- currently challenging MA63 and 1782 level of support
- if broken next level of support will be MA84, MA200 within 1762 - 1775
- if price bounces of this support it will go back and challenge 1804

D1 CHART -
Support and resistance range 1760 - 1810
- 1810 resistance held with a strong bounce off
- current challenge MA63, if broken next challenge will be 1780 and then MA84 and 1775.