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GOLD 28.04.2021
Overview:
Prices are moving in a short term downtrend
Expected scenario:
The chart above shows that the pair is trading above a strong support level around 1760, which enhances the chances of a bullish move during today's trading to 1780 and from there to 1783.
Alternative scenario:
On the other hand, we think that in the event of a break of the 1760 level, it might push the pair further down to 1750.
| Resistance levels | 1780.00 | 1783.00 | 1790.00 |
| Support levels | 1765.00 | 1760.00 | 1750.00 |
*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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