Analysis of Gold for February 145,.2021 – Downside cycle still active and potential for test of $1.785

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Analysis of Gold for February 145,.2021 - Downside cycle still active and potential for test of .785

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.

Further Development

Analysis of Gold for February 145,.2021 - Downside cycle still active and potential for test of .785

Analyzing the current trading chart of Gold, I found that the sellers are in control as I expected last week.

Key Levels:

Resistance: $1,830

Support level: $1,78

The material has been provided by InstaForex Company – www.instaforex.com

Source : https://www.fx.co/forex_analysis/quickview/207411/