Skip to content
Gold

Gold dips to retest 1745 – Expert Analysis & Trading Tips

Article Rating:
Based on 1 vote
Login to rate this article.
Key Support: 1745
Key Resistance: 1760 – 1790

Gold has rallied 4.80% since it bottomed at the 1678-1680 level last week. We are still long and very bullish precious metals and yesterday price broke with the massive key level (1745) that was the level it broke back in June 2020 to make all time highs (2080)

In the short term we are trading in a very structured bullish move and whilst the DXY is still trading below 92.50; we are bearish the USD below this level.

Technically speaking, today´s -0.85% move is just a pullback to retest the previous broken highs whilst printing a big bullish divergence.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9