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GOLD 04.05.2021
Overview:
Prices are moving in a short-term uptrend
Expected scenario:
We note on the above chart that the pair is trading below a strong resistance level around 1800, which enhances the downside chances during today's trading to 1780 and from there to 1770.
Alternative scenario:
On the other hand, we think that in the event of a break of the 1800 level, it might push this pair to rise further to 1810 and from there to 1820.
Resistance levels | 1800.00 | 1810.00 | 1820.00 |
Support levels | 1780.00 | 1770.00 | 1760.00 |
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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