Gold is trading near the opening level of the day, that is, 1727.00. If the price goes above the level of 1730.00, gold is likely to extend the upward movement to 1737.00 or maybe to 1770.00. Otherwise, if the price is below the 1722.00 level, it is likely to fall to 1715.00 or even to 1700.00.
The pair is trading near the daily pivot point of 1730.00 and near the trend line. The indicators are heading up. I am anticipating the upward movement. However, a breakout at 1730.00 is likely to occur. Otherwise, I expect a pullback.
🛑SUPPORT/RESISTANCE
✅S1= 1700
✅S2=1715
✴️R1=1740
✴️R2=1767
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The pair is trading near the daily pivot point of 1730.00 and near the trend line. The indicators are heading up. I am anticipating the upward movement. However, a breakout at 1730.00 is likely to occur. Otherwise, I expect a pullback.
🛑SUPPORT/RESISTANCE
✅S1= 1700
✅S2=1715
✴️R1=1740
✴️R2=1767
Please like, share, comments and follow me to get daily base analysis
Thank you for your support, I appreciate it.
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