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Hugostock

Strong Resistance coming up for #XAUUSD #GOLD

Gold Spot / U.S. Dollar (SAXO:XAUUSD)  
Hugostock  
SAXO:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
Confluence of resistance for GOLD:

September Swing Low at 1849.21
200DMA: 1855.34
50 DMA: 1859.03
Monthly Open: 1863.84
Upper parallel of downward channel since August 2020

Need a close above Monthly Open 1863.84 to aim for target at 1919.84/1930.19

If resistance holds, downside targets 1763.16/1739.34, if this breaks next target 1689.57/1677.81

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Hugostock
Gold resistance holding.
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