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T Analysis

Gold is in demand due to the Corona crisis and the election matters.
The support rests at 1888.69 with resistance at 1907.99 which both lines are below the weekly pivot point at 1913.37. The EMA of 10 is moving with bearish bias in the ascendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving below level 50, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 1930.

gold
Source: fxglory

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T Analysis

Lack of economic reports in the UK put GBP under pressure.
The support rests at 1.28960 with resistance at 1.30380 which the weekly pivot point at 1.29820 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards level 50, the Stochastic is moving in high ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
GBPUSD is trying to hit the upper Bollinger band at 1.31000.

gbpusd
Source: fxglory

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T Analysis

Yesterday Eurozone industrial production data supported EUR against USD and stopped the pair from further decline.
The support rests at 1.17320 with resistance at 1.17620 which both lines are below the weekly pivot point at 1.17890. The EMA of 10 is moving with bearish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving below level 50, the Stochastic is moving in middle ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
1.17300 area is holding a strong support and it seems EURUSD is not willing to break any boundaries. Most probably EURUSD is consolidating but bullish trend can be expected towards 1.17800.

eurusd
Source: fxglory

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