From TradingView ยท ยท 30s
Gold | Oct 20, Sell the Bounce?
Gold traders face bearish pressure as price tests key resistance levels.
In brief
Gold traders face bearish pressure as price tests key resistance levels. Gold price testing $1,112-$1,130 resistance with potential sell-off toward $1,100. Originally reported by TradingView.
Gold price action
Gold price testing $1,112-$1,130 resistance with potential sell-off toward $1,100.
Bearish structure
Bearish structure confirmed after breaking ascending channel with lower highs keeping sellers in control.
Trading plan
Sell the pullback below $1,112 or buy the reaction above $1,112 for potential recovery.
At a glance
Gold price testing $1,112-$1,130 resistance with potential sell-off toward $1,100.
