FX.co - Analysis of Gold for February 04,.2021 - Watch for selling opportunities if you see the breakout of upside channel

2021-02-04T12:41:58

Relevance until2021-02-05

Further Development

Analysis of Gold for February 04,.2021 - Watch for selling opportunities if you see the breakout of upside channel

Analyzing the current trading chart of BTC, I found that the buyers are exhausted and that there is potential for the downside movement.

Key Levels:

Resistance: $38,500

Support levels: $32,375 and $29,565.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ Analysis of Gold for February 04,.2021 - Watch for selling opportunities if you see the breakout of upside channel