Gold is facing bullish pressure, potential for further upside

13 בינו׳ 2021

Price is approaching our first support, in line with our horizontal overlap support, 76.4% Fibonacci retracement and 100% Fibonacci extension. We could see a potential bounce and further rise up to our first resistance at 1925.35. A break above our upside confirmation could see a further push up to test our first resistance target.