FX.co - Analysis of Gold for February 16,.2021 - Breakout of symmetrical triangle pattern and potential for test of $1.785

2021-02-16T13:14:30

Relevance until2021-02-17

The reflation narrative is still the key theme to watch in the market this week and bond investors are making that loud and clear today.

Further Development

Analysis of Gold for February 16,.2021 - Breakout of symmetrical triangle pattern and potential for test of $1.785

Analyzing the current trading chart of Gold, I found that Gold did break the symmetrical triangle continuation pattern as like I expected yesterday.

Key Levels

Resistance: $1,815

Support level: $1,784

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

Analytical expert

Petar Jacimovic

FX.co ★ Analysis of Gold for February 16,.2021 - Breakout of symmetrical triangle pattern and potential for test of $1.785