FX.co ★ Analysis of Gold for September 28,.2020 - 3-day balance on the Gold but the short-term trend is still downside

• We have consistently put forward proposals on fisheries and subsidies that we feel are straightforward
• If there is to be a deal, it has to come together in mid-October
• There is the ability to have informal talks right up until the European Council

As I discussed in the previous review, the Gold is still in the downside trend but most recently I have found that 3-day balance.

Further Development

Analyzing the current trading chart of Gold, I found that there is the balanced regime between the price of $1,876 (resistance) and support at $1,848.

II would watch for the breakout of support at $1,848 to confirm further downside continuation and potential test of $1,810 (projected downside target)

1-Day relative strength performance Finviz

Based on the graph above I found that on the top of the list we got Lumber and Dax today and on the bottom Natural gas and Feeder Cattle

Key Levels:

Resistance: $1,876

Support levels: $1,84