Gold Analysis 11 October
10 October, Gold opened at $1705, made low at $1665 and closed at $1681.$22 less than 9 October's closing.
Today, Gold opened at 1693, made low at $1661 and is trading around $1668.
Today Daily Support is at $1645 and Resistance is at $1680.
By observing price action the Trend for Gold today is negative . Looking at 1 hour timeframe, Resistance is at $1673 and Support at $1657. Both mentioned levels are important for risk management.
Fundamental Events ( Pakistan time based)
9:00 PM FOMC Member speech.
10 October, Gold opened at $1705, made low at $1665 and closed at $1681.$22 less than 9 October's closing.
Today, Gold opened at 1693, made low at $1661 and is trading around $1668.
Today Daily Support is at $1645 and Resistance is at $1680.
By observing price action the Trend for Gold today is negative . Looking at 1 hour timeframe, Resistance is at $1673 and Support at $1657. Both mentioned levels are important for risk management.
Fundamental Events ( Pakistan time based)
9:00 PM FOMC Member speech.