empty
 
 
16.02.2021 03:14 PM
Analysis of Gold for February 16,.2021 - Breakout of symmetrical triangle pattern and potential for test of $1.785

The reflation narrative is still the key theme to watch in the market this week and bond investors are making that loud and clear today.

Further Development

This image is no longer relevant

Analyzing the current trading chart of Gold, I found that Gold did break the symmetrical triangle continuation pattern as like I expected yesterday.

Key Levels

Resistance: $1,815

Support level: $1,784

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback