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 |
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