GOLD 14.04.2021

Technical Analysis
Wednesday, April 14, 2021 - 13:29
Point Trader Group
GOLD 14.04.2021

Overview:

Prices are moving in a short term downtrend

Expected scenario:

The pair is trading below a strong resistance level around 1750, which enhances the downside chances during today's trading to 1730 and from there to 1723.

Alternative scenario:

On the other hand, we think that if the 1750 level is broken to the upside, this pair might push further up to 1760

 

Resistance levels

1750.00

1760.00

1775.00

Support levels

1730.00

1723.00

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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