19 November 2020 Commodity Analysis GAUTRY
19 November 2020 Commodity Analysis GAUTRY. The downward limited movement in Gram Gold was overcome with the appearance of the slight sales observed around ounce gold and exchange rate. Yesterday, expectations that emerged before the important CBRT meeting limited the upward movements in the exchange rate that fluctuated during the day. As a result of the coronavirus vaccine optimism, it was examined that the decline in Gram Gold continued in parallel with the ongoing sales on the Ounce Gold side.
Technically speaking, it is observed that Gram Gold continues to be determinant at 462 level. It is predicted that the upward trend will continue with the purchases that may come as long as the 462 level remains above the support level.
Support Points: 460-457-453
Resistance Points: 465-468-471