Gold has been empowered as it reacted to the US election results. While eyes were on the election results, Corona virus crisis received less attention.
The support is on 1941.96 with resistance at 1965.26 which the weekly pivot point at 1948.18 is located in between the lines. All indicators are showing upward pressure. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Further growth is expected towards 1975.

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