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Market Update – Gold setting up a continuation?

jeffriess
November 19, 2019
by Joseph Jeffriess, Market Analyst

Article Recap

Report and video - we look at the daily and 4H Gold charts, tonight's action is starting to point at a possible continuation lower. Will sellers complete the move?

Gold, are sellers massing?

Into tonight’s London session we have seen sellers once again stop the Asian session rally at a med-term resistance point. 1472 – 1474 is the current area of resistance that we have been watching. This area has again stopped buyers which has lead to a $4.93 decline so far on the current 4-hour candle.

In our update video below we breakdown the current daily and 4H Gold charts at look at both sides of the technical picture. Will we see a continuation from sellers tonight?

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