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GOLD 25.03.2021
Overview:
Prices are moving in a medium-term downward direction
Expected:
The above chart shows that the pair is trading below a strong resistance level around 1765, which enhances the downside chances during the coming period to reach 1676.
Alternative Scenario:
On the other hand, we believe that if the level of 1765 was broken to the upside, this pair might push up to $ 1817.
| Resistance | 1764.50 | 1800.00 | 1817.63 |
| Support | 1676.25 | 1650.00 | 1619.00 |
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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