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GOLD 26.04.2021
Overview:
Prices are moving in a short term downtrend
Expected scenario:
We note on the above chart that the pair is trading below a strong resistance level around 1783, which enhances the downside chances during today's trading to 1769.
Alternative scenario:
On the other hand, we think that if the level of 1783 was broken to the upside, this pair might push further up to 1790
| Resistance levels | 1783.00 | 1790.00 | 1800.00 |
| Support levels | 1769.00 | 1760.00 | 1750.00 |
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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