FX.co ★ Analysis of Gold for October 13,.2020 - Completed downside correction (bull flag pattern) and potential for rise towards $1.931

He reinforces that there is 'strong' EU unity ahead of the European Council meeting later this week and that they will continue to work for a fair Brexit deal in the coming 'days and weeks'. I think the mention of 'weeks' says a lot about what they are expecting.

Further Development

Analyzing the current trading chart of Gold, I found that there is completion of the downward correction (bull flag pattern), which is good indication for the further rise on the Gold.

1-Day relative strength performance Finviz

Based on the graph above I found that on the top of the list we got Ethanol and Crude Oil today and on the bottom Lumber and Natural Gas.

Key Levels:

Resistance levels: $1,931 and $1,954

Support level: $1,910