GOLD 10.05.2022

Technical Analysis
Tuesday, May 10, 2022 - 12:09
Point Trader Group
GOLD 10.05.2022

summary:

The pair is trading in an uptrend

 

Expected scenario:

Gold is trading above a strong support level around 1844, which enhances the chances of a rise to 1890 - 1900

Alternative scenario:

Breaking the level of 1844 with a daily candle may push the pair down to 1821 - 1810

resistance levels

1900

1890

 

Support levels

1844

1821

  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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