Analysis of Gold for February 145,.2021 – Downside cycle still active and potential for test of $1.785
- Prior €25.1 billion; revised to €24.9 billion
Exports grew by 1.2% while imports fell by 0.3%, leading to the larger trade surplus at the end of last year. Overall trade conditions are still gradually pushing back towards pre-virus levels and that story should continue this year as well.
Analyzing the current trading chart of Gold, I found that the sellers are in control as I expected last week.
Support level: $1,78
The material has been provided by InstaForex Company – www.instaforex.com