Gold Analysis 04/10/2020
Gold has just gapped up on market open.
1) If we close above 1904.26, buys can be executed on lower risk if we form a support on lower timeframes, we could potentially target 1908 before targeting 1912.
2) If we close below 1900, and form resistance on lower timeframes, we can look to ride price back down to support at 1891, giving us almost 100 pips.
1) If we close above 1904.26, buys can be executed on lower risk if we form a support on lower timeframes, we could potentially target 1908 before targeting 1912.
2) If we close below 1900, and form resistance on lower timeframes, we can look to ride price back down to support at 1891, giving us almost 100 pips.
Penafian
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