FX.co - Analysis of Gold for February 145,.2021 - Downside cycle still active and potential for test of $1.785

2021-02-15T12:21:48

Relevance until2021-02-17

Analysis of Gold for February 145,.2021 - Downside cycle still active and potential for test of $1.785

Prior €25.1 billion; revised to €24.9 billion

Exports grew by 1.2% while imports fell by 0.3%, leading to the larger trade surplus at the end of last year. Overall trade conditions are still gradually pushing back towards pre-virus levels and that story should continue this year as well.

Further Development

Analysis of Gold for February 145,.2021 - Downside cycle still active and potential for test of $1.785

Analyzing the current trading chart of Gold, I found that the sellers are in control as I expected last week.

Key Levels:

Resistance: $1,830

Support level: $1,78

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

#Technical analysis #Gold #Commodity

Analytical expert

Petar Jacimovic

InstaFintech Group @ 2007-2024

FX.co ★ Analysis of Gold for February 145,.2021 - Downside cycle still active and potential for test of $1.785

Forex Analysis

Analysis of Gold for February 145,.2021 - Downside cycle still active and potential for test of $1.785