Wednesday 21st April 2021: Technical Outlook and Review

IC Markets No Comments

On the weekly timeframe, gold is still testing and holding below descending trendline resistance and long term moving average resistance at 1785. A weekly close below this resistance could see price pull back lower towards 1687 support.

Tuesday 20th April 2021: Technical Outlook and Review

IC Markets No Comments

On the weekly timeframe, gold is still testing and holding below descending trendline resistance and long term moving average resistance at 1785. A weekly close below this resistance could see price pull back lower towards 1687 support.

Monday 19 April 2021: Technical Outlook and Review

IC Markets No Comments

On the weekly timeframe, gold pushed higher testing descending trendline resistance and long term moving average resistance at 1785. A weekly close below this resistance could see price pull back lower towards 1687 support.

Friday 16th April 2021: Technical Outlook and Review

IC Markets No Comments

On the weekly timeframe, gold is testing 1765 resistance. With price still holding below the long term moving average, a weekly close below this resistance will see a medium probability drop towards 1670 support.

Thursday 15 April 2021: Technical Outlook and Review

IC Markets No Comments

On the weekly timeframe, gold is testing 1765 resistance.  With price still holding below the long term moving average, a weekly close below this resistance will see a medium probability drop towards 1670 support.