FX.co ★ Analysis of Gold for August 17,.2020 - Watch for the breakout of the inside day to confirm further directon

The usual round of negotiations will start off with tomorrow's dinner, before getting into more serious talks on Wednesday and Thursday. Both sides will wrap things up on Friday before we are likely to hear from Barnier and Frost once again via their respective pressers.

As I discussed in the previous review, the Gold is still trading sideways at the price of $1,953

Further Development

Analyzing the current trading chart of Gold, I found that the Friday was inside day and that we defined the levels to watch.

1-Day relative strength performance Finviz

Based on the graph above I found that on the top of the list we got Ethanol and Silver and on the bottom VIX and Coffee

Key Lvels:

Resistance: $1,965

Support level: $1,912