Gold holding above 11780

19 October 2021 | Updated: 19 October 2021

Key Support: 1775
Key Resistance: 1790 – 1800

After last Friday’s move (-2.17%) Gold has rallied from a very Thick zone (1745-1760) towards the top of last week’s range whilst still trading inside of a very steep bearish structure.

The DXY is very bearish at the moment and that should bring more bullish pressure in Gold more so if it’s holding above last week’s range high.

The next key level that could cap the upside in Gold is last Thursday’s lows. which could keep Gold trading inside of this bearish structure.

My trade is a bullish continuation setup after the break and retest of the 1779 level (last week’s range highs)

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Share with other traders!