The Daily Gold, Released on 10/26/21

Gold needs to takeout $1835 to have a bullish outlook. In that scenario it could test $1900 and base above long-term moving averages ($1795, $1815) and that $1830-$1835 level. Monthly resistance is at $1825 and $1900. Those are key levels dating back to 2011.

Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.

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