REDATOR Ben Graham Posted February 18 REDATOR Report Share Posted February 18 [GOLD] Although RSI(14) is in the Neutral-Bullish area, but with the Death Cross formed by EMA(50) and EMA(200) suggests that Gold may decline toward its nearest support level today. Key Levels1. Resistance. 2 : 5065.192. Resistance. 1 : 4971.443. Pivot : 4906.444. Support. 1 : 4812.695. Support. 2 : 4747.69Tactical ScenarioPressure Zone: If the price breaks down below 4812.69, there is potential pressure toward 4747.69.Momentum Extension Bias: If 4747.69 is breached to the downside, Gold could fall to 4653.94.Invalidation Level / Bias RevisionThe downside bias is restrained if the price strengthens and breaks above 5065.19.Technical Summary EMA(50) : 4908.60EMA(200): 4961.75RSI(14) : 65.57Economic News Release Agenda:There are no economic data releases from the United States today.The material has been provided by InstaForex Company - www.instaforex.com 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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