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GOLD 12.01.2021
Overview:
We note on the above chart that the pair is trading at the highest level of strong support around 1827, which enhances the chances of the upside during today's trading.
Expected:
Continuing trading above the aforementioned support level, may push the pair further up to 1874
Alternative Scenario:
On the other hand, we believe that if the level of 1827 is broken to the downside, this pair might push down to 1818
| Resistance | 1874.00 | 1885.00 | 1895.00 |
| Support | 1827.00 | 1820.00 | 1815.00 |
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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