Too many knocks?Yes, too many knocks on the Support, something definitely is up.Sellers keep knocking on the Buyers door but they won’t open.Seems the Sellers might soon break/smash the door by the looks of things.

Let’s see if the Buyers can keep the Sellers at bay and how long before the battle at the 1865 Demand zone takes a much clearer direction.

The buyers would have to take out the previous big bearish candle on the daily to gain the upper hand now.The safe haven is heavily dependent on happenings on the USD ie if USD is up then Gold should drop and vice versa

Waiting for more clues on the USD would be good but for now, the Greenback is mixed as it has now swallowed up earlier gains by the Sellers from this morning.

Patience as we wait for the Market to open up some more….

Image may contain: text that says 'XAUUSD,Dally 1888.3 1898.99 1864.45 1876.34 2062.80 2006.70 ၃ HE 1948.90 1836.70 1778.90 2020 3Mar 2020 1722.80 2020 17A 2020 1Ma 2020 1666.70 2020 2020 1608.90 XAUUSD 2020 Aug 2020 31Au 2020 22S 2020 1552.80 Nov 020 440.60'
November 16, 2020

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