Yellow metal is in a strong recovery mode. After a recent bounce from the area around 1720xx. After a bottom have seen in pervious trading sessions and it is in upward channel after breaking the downward channel with bottom confirmation
We are strongly in favor of Gold recovery phase followed by strong of yellow metal against majors, minors and exotics.
Trend: ...
Trend: UP
Support 1: 61.50
Support 2: 61.43
Support 3: 61.31
Resistance 1: 61.69
Resistance 2: 61.81
Resistance 3: 61.88
Crude Oil is losses its grounds and bulls are in charge. We are expecting little pullback in the area of 58.70 which may follow with more upside in coming trading sessions towards 64.
In upcoming week...
Trend: Down
Support 1: 1724.20
Support 2: 1722.20
Support 3: 1718.80
Resistance 1: 1729.60
Resistance 2: 1733.00
Resistance 3: 1735.00
Since Jan-06-21 yellow metal bounced back from the top 1956.67 and continuously falling in one by one trading sessions. US Index is getting strength and we are expecting more...
