Gold price recovery fizzles. Downside remains favored, FXStreet’s Dhwani Mehta reports.
$1,825 support needs to fail
“The critical horizontal trendline support from the January 5 low at $1,825 remains a tough nut to crack for Gold bears. Ahead of that, the $1,830 round figure should be taken out on a sustained basis. Friday’s low of $1,819 will be next on Gold sellers’ radars should the downside gather traction once again.”
“On the other side, any recovery attempts will need to find acceptance above the $1,850 psychological level, above which a fresh run-up toward the flattish 50-Daily Moving Average (DMA) at $1,864 cannot be ruled out. Further, Valentine’s Day at $1,870 will be the next stop for Gold bulls.”
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
اترك رسالتك الآن