[Where Did You Gold?] Short Term Gold Price Rose to 1910, Will It Continue?

16 Oct 2020, 17:01 · Views 9,557

FX168 (Hong Kong) - In the European market on Friday (October 16), the U.S. dollar fell slightly from its high. Spot gold took the opportunity to rebound and approached the 1910 mark. Silver rose further above 24$, and crude oil prices were slightly under pressure.

Regarding the price trends of gold, silver and crude oil in the day, Swissquote Bank wrote a brief analysis as follows:

Gold: Expected target of 1925.00

[Where Did You Gold?] Short Term Gold Price Rose to 1910, Will It Continue?

Photo: Investing.com

It is bullish above 1897, and the targets are at 1913 and 1925. Or, keep bearish below 1897.00, and the target position will look towards 1889 and 1882 as the target.

Reason: The RSI indicator is bullish, telling a possibility to further gains.

Silver: further gains

Photo: Investing.com

It is bullish above 23.9400, and the targets are 24.6300 and 24.8700 respectively. Or, stay bearish below 23.9400, and look at 23.5500 and 23.3200 as the target.

Reason: The RSI indicator is bullish, telling a possibility to further gains.

Translated from the original article: https://www.24k99.com/2010/430...

Edited 16 Oct 2020, 17:10

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21 Oct 2020

I think it might go up in the long term

16 Oct 2020

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