1️⃣ Lower trendline acting as major resistance 2️⃣ 1900.00 Key reversal area 3️⃣ Positive risk sentiment,Vaccine news,Selling off GOLD 4️⃣ 1960.00 Dynamic support and resistance 5️⃣ 1880.00 Lower side target 6️⃣ 1942.00 POC-Volume area 7️⃣ Technical support - Bullish 8️⃣ 2000.00 will acted as key reversal-bearish 9️⃣ GOLD is trading above the broader falling wedge a channel 🔟 Possible swing target-2013.00 #️⃣ Overall long-term trend- Bullish
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📉 Technical bias-H4-Bullish
1-Price above 50,100,200 Exponential moving average 2-50 Exponential moving average strong resistance 3-Ichimoku cloud -cloud is still green-Price is above the cloud-Cloud supporting the bullish trend 4-Bollinger band- Price reached around the lower side of the band and medium term bounce towards middle band was expected 5-Relative strength index - Reached below neutral level 6-MACD -Turned red and well below signal line,oscillators still pointing towards downward 7-Stochastic - Reached 25- oversold condition short term pull back was expected