GOLD 23.03.2022

Technical Analysis
Wednesday, March 23, 2022 - 08:58
Point Trader Group
GOLD 23.03.2022

Overview:

The pair is trading in a downtrend

Expected scenario:

Gold recently reached a strong support level around 1915, which enhances the chances of rising around this level to 1930 - 1950 provided that trading continues above 1915

Alternative scenario:

On the other hand, we see that if the level of 1915 is broken by at least a weekly candle, it may push this pair down to 1870.

Resistance levels

1930.00

195.00

19700.00

 

Support levels

1915.00

1900.00

.1870.00

  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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