REDATOR Ben Graham Posted February 11 REDATOR Report Share Posted February 11 [Gold] With all Gold technical indicators condition showing the strengthening, the opportunity for Gold to rise toward its nearest resistance level is wide open today.Key Levels1. Resistance. 2 : 5120.362. Resistance. 1 : 5072.653. Pivot : 5030.194. Support. 1 : 4982.485. Support. 2 : 4940.02Tactical ScenarioPositive Reaction Zone: If Gold breaks above 5072.65, there is potential for a rise toward 5120.36.Momentum Extension Bias: If 5120.36 is breached, Gold could continue higher to 5162.82. Invalidation Level / Bias RevisionThe upside bias weakens if Gold falls and closes below 4940.02. Technical SummaryEMA(50) : 5033.26EMA(200): 4990.95RSI(14) : 58.41Economic News Release Agenda:Tonight the United States will release the following economic data:US - Average Hourly Earnings m/m - 20:30 WIBUS - Non-Farm Employment Change - 20:30 WIBUS - Unemployment Rate - 20:30 WIBUS - Crude Oil Inventories - 22:30 WIBUS - 10-y Bond Auction - 01:01 WIBUS - Federal Budget Balance - 02:00 WIBThe material has been provided by InstaForex Company - www.instaforex.com Visitante_64ee8710, Visitante_6b0e1b1c and Visitante_c7a30204 1 2 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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