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.