Daily Technical Outlook: Gold (Feb 7)
Gold broke higher; the price has taken 1219 resistance levels and prior highs, extending the upside to around 1235. The price faces 1240.00 level as the next key resistance, where we might see a downside pullback and retest of the broken resistance-turned-support at 1219 before new upside attempts.
Short term scenarios:
Bullish towards 1240.00 as long as above 1210.00
Short term key support and resistance
1225.00 1219.00 1215.00
1235.00 1240.00 1250.00
Short term scenarios:
Bullish towards 1240.00 as long as above 1210.00
Short term key support and resistance
1225.00 1219.00 1215.00
1235.00 1240.00 1250.00
Aviso legal
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