GOLD 05.07.2021

Technical Analysis
Monday, July 05, 2021 - 15:53
Point Trader Group
GOLD 05.07.2021

Overview:

The pair is trading neutral

Expected scenario:

The above chart shows that the pair is trading below a strong level around 1800, which enhances the chances of descending during today's trading to 1780

Alternative scenario:

On the other hand, he suggested that if the 1800 level is broken upwards, it may push the pair up to 1815

 

Resistance 1800.001810.001820.00
Support1790.001780.001775.00

 

  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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