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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 25.03.2021

Technical Analysis
Thursday, March 25, 2021 - 13:52
Point Trader Group
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.

 

Resistance1764.501800.001817.63
Support1676.251650.001619.00

 

 

*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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