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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

Gold 16.4.2024

Technical Analysis
Tuesday, April 16, 2024 - 10:31
Point Trader Group
Gold 16.4.2024

General trend: down.
Expected scenario:
The pair is trading below 2380, which may push the pair to fall to 2350. It is important to continue trading below $2380 for the negative scenario to continue.
Alternative scenario:
On the other hand, the pair may continue its strong rise if it breaks $2380, targeting 2400-2410.
The most important levels
resistance:
2380 - 2410
support:
2350 - 2329

*Risk Disclaimer: 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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