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

 


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