GOLD, February 8, 2021

Technical Analysis
Monday, February 08, 2021 - 15:26
Point Trader Group
GOLD, February 8, 2021

Overview:

Prices are moving in a short-term downtrend

Expected:

The pair is trading below a strong resistance level around 1817, which might push the index to go downwards to reach the level of 1800

Alternative Scenario:

On the other hand, we believe that if the level of 1817 is broken to the upside, this pair might be pushed further up to 1836.

Resistance184918361817
Support177317901800

 

  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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