REDATOR Ben Graham Posted 2 hours ago REDATOR Report Share Posted 2 hours ago [GOLD] Gold has the potential to continue its strengthening today toward the nearest resistance level, as confirmed by supporting technical indicators.Key Levels1. Resistance. 2 : 5317.932. Resistance. 1 : 5230.273. Pivot : 5161.914. Support. 1 : 5074.255. Support. 2 : 5005.89Tactical ScenarioPositive Reaction Zone: If Gold breaks above 5161.91, the move may continue up toward 5230.27.Momentum Extension Bias: If 5230.27 is broken, 5317.93 could be tested.Invalidation Level / Bias RevisionThe upside bias weakens if Gold falls and closes below 5005.89.Technical Summary EMA(50) : 5165.75EMA(200): 5108.69RSI(14) : 61.35Economic News Release Agenda:Tonight the United States will release Crude Oil Inventories at 22:30 WIB.The material has been provided by InstaForex Company - www.instaforex.com Carla E S Almeida 1 1 Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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