GOLD 01.04.2021

Technical Analysis
Thursday, April 01, 2021 - 15:57
Point Trader Group
GOLD 01.04.2021

Overview:

Prices are moving in a short-term uptrend

Expected scenario:

The above chart shows that the pair is trading above a strong support level around 1720, which enhances the chances of a bullish move during today's trading to 1739.

Alternative scenario:

On the other hand, we think that in the event of a break of the 1720 level, it might push the pair further down to 1708.

 

Resistance

1739.00

1750.00

1765.00

Support

1720.00

1708.00

1700.00

 

  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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