GOLD 04.05.2021

Technical Analysis
Tuesday, May 04, 2021 - 02:22
Point Trader Group
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.


Related Topics

REQUEST A CALL BACK

We Are Always Ready To Help You

YOU CAN TRUST POINT

For Expert Financial Advice