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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

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

 

*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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