GOLD 26.04.2021

Technical Analysis
Monday, April 26, 2021 - 15:29
Point Trader Group
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 levels1783.001790.001800.00
Support levels1769.001760.001750.00

 

  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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