Gold Outlook - 24 October 2019

Hi Guys,

Yesterday Gold did a good bull run thanks to Brexit...

Looking at Daily and H4 chart, Gold might move up to 1501 and then drop to 1472...

snapshot

snapshot

If we focus on H1, the possible movement is downwards as Gold tested the resistance 1494 yesterday and failed few times. Hence, a move downward is more possible.
Chart PatternsTrend Analysis

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