Gold Dec, 2 2020

Technical Analysis
Wednesday, December 02, 2020 - 13:28
Point Trader Group
Gold Dec, 2 2020

Overview:

prices are moving in a short term bearish direction.

Expected:

The pair is approaching a support resistance level around 1815, which enhances the chances of a bullish move during today's trading to 1830, if trading remains above this level.

Alternative Scenario:

On the other hand, we see that if the level of 1815 is broken to the downside, it might push this pair down to 1800. 

 

Resistance1830.001835.001845.00
Support1815.001805.001845.00

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