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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 January, 27 2020

Technical Analysis
Monday, January 27, 2020 - 12:39
Point Trader Group
GOLD January, 27 2020

Overview:

The pair is trading below a strong resistance level around 1588, as the pair bounced down around this level previously and the same scenario may be repeated again

Expected:

Continued trading below the aforementioned resistance level might push the pair down to 1575

Alternative Scenario:

Breaching 1588 level up, may push the pair to rise to 1595


 

Resistance1588.001590.001595.00
Support1575.001570.001565.00

 

*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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