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

 

 

  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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