GOLD: WEEKLY SCENARIO – 17 February 2022

GOLD Price Technical Analysis: Weekly Chart

• In the weekly charts , Gold is trading in an upward channel.
•  Gold is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level.
• Gold will follow an uptrend in the coming weeks.
• The Gold crucial support level is at 1785.35 which is near 20 days SMA as of now. There are no signs of a bearish trend.
• Bulls have their tight grip on  Gold .

TRADE SIGNAL- GOLD– Buy: 1885.10, TARGET:-1935.60, STOP LOSS:- 1860.85.