The price of gold (XAU/USD) is recovering over $ 1,800, as the US dollar is under pressure in the midst of mixed US employment data. Popular Finance Specialist and Analyst Dhwani Mehta shares gold estimates. Here are the critical levels from the analyst…
Finance Specialist and Analyst: The price of gold will see these levels respectively!
Gold prices are recovering over $ 1,800. According to the financial expert and analyst Dhwani Mehta, the democrats advancing with the $ 1.9 trillion incentive package called President Biden’s reconciliation procedure support bulls. However, Dhwani Mehta’Agör’e, the rise in US interest rates, in the midst of reflation transactions, due to the decrease in the demand for treasury bonds, yellow metal can limit the recovery at $ 1,785, the lowest level of two months. So how does the gold price are located in the technical tables?
According to the analyst based on the technical Confluences indicator, gold can now test its small resistance at $ 1,816. If buyers find a place above this level, the next strong obstacle of $ 1,820 can be tested accordingly. This level points to a critical point for Dhwani Mehta. More than the above analyst, one -hour SMA100 in $ 1,823 will challenge the rise commitments and open doors towards $ 1,827, one -day SMA5.
Dhwani Mehta: In case of a fall, the pivot point of $ 1,800 will be in the game once again!
According to Dhwani Mehta, a breaking over $ 1,827 can test one -day R2 Pivot point at $ 1,829. Alternatively, in case of a decrease, instant support is located in $ 1,810 (which is the convergence of previously low -hour and one -day Fibonacci 23.65). The sellers will then target a strong support at $ 1,807, one -hour SMA50, one -week 23.6 %Fibonacci and one -day Fibonacci 38.2 %.
According to the analyst, $ 1,803, the lowest level of the previous month, can provide some support. Under this, according to Dhwani Mehta, one -day S1’s pivot point of $ 1,800 will be in the game once again. Kriptokoin.comAs we have reported before, for more analyst forecasting about gold “4 Experts announced the levels that Gold will see next week, March and December!”You can review our article.
