GOLD 28.04.2021

Technical Analysis
Wednesday, April 28, 2021 - 15:57
Point Trader Group
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

 

  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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