GOLD 26.04.2021

Technical Analysis
Monday, April 26, 2021 - 15:29
Point Trader Group

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 levels1783.001790.001800.00
Support levels1769.001760.001750.00

 


*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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