GOLD 20.05.2021

Technical Analysis
Thursday, May 20, 2021 - 13:23
Point Trader Group
GOLD 20.05.2021

Overview: 

Prices are moving in an upward direction 

Expected scenario: 

The pair is trading below a strong resistance level around 1875, which enhances the downside chances during today's trading to 1850 

Alternative scenario: 

On the other hand, we believe that if the level of 1875 is broken with at least a daily close, this pair may push for further rise, reaching 1900 - 1920.

Resistance levels

1875.00

1900.00

1920.00

Support levels

1850.00

1830.00

1810.00

 

  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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