Alremeithi
Long

Gold : 1785-1800 psychological resistance level test is likely

TVC:GOLD   CFDs on Gold (US$ / OZ)
Spot gold is trading inside the hourly range 1765-1775 for the past two days indicating the investors are not yet ready to book the profit and also an upside break out to test the 1800 handle is highly likely . Investors will be looking for the FED Chair remarks later on today ,although there are fears in market regarding the virus threat escalation ,any hawkish comments from the FED chair will force the investors to book the profit hence force the yellow metal to test 1675 support medium term.

Medium Term Trend : Bullish
Resistance : 1725 & 1785
Support : 1675

Speculative Sentiment Index : 30/70 (Retail buyers/sellers ratio)

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out