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Technical Analysis
Wednesday 24th February 2021: Technical Outlook and Review

On the H4 timeframe, prices are facing bullish pressure from our support at 1.21362, in line with our graphical overlap support area and 23.6% fibonacci retracement.

By IC Markets Global

Technical Analysis
Tuesday 23rd February 2021: Technical Outlook and Review

On the weekly timeframe, gold is still holding above long term moving average support and tested 1764 support, above which there could be a possibility of a bounce reaction.

By IC Markets Global

Technical Analysis
Monday 22nd February 2021: Technical Outlook and Review

Looking at the weekly chart, we can see that prices are testing the support area of our ascending channel at 1.200, which coincides with the 50% Fibonacci retracement and 78.6% Fibonacci extension.

By IC Markets Global

Technical Analysis
Friday 19th February 2021: Technical Outlook and Review

Looking at the weekly chart, we can see that prices are testing the support area of our ascending channel at 1.200, which coincides with the 50% Fibonacci retracement and 78.6% Fibonacci extension.

By IC Markets Global

Technical Analysis
Thursday 18th February 2021: Technical Outlook and Review

On the H4 timeframe, prices are facing bearish pressure from our resistance at 1.2080, in line with our graphical pullback resistance area and 38.2% fibonacci retracement.

By IC Markets Global

Technical Analysis
Wednesday 17th February 2021: Technical Outlook and Review

On the H4 timeframe, prices are approaching our support area at 1.2060, which coincides with the graphical support area, 50% fibonacci retracement and 161.8% Fibonacci extension.

By IC Markets Global

Technical Analysis
Tuesday 16th February 2021: Technical Outlook and Review

On the H4 timeframe, prices are facing upside pressure from our support area at 1.2080, which coincides with the graphical overlap resistance and 38.2% fibonacci retracement.

By IC Markets Global

Technical Analysis
Monday 15th February 2021: Technical Outlook and Review

Looking at the weekly chart, we can see that prices are testing the support area of our ascending channel at 1.200, which coincides with the 50% Fibonacci retracement and 78.6% Fibonacci extension

By IC Markets Global

Featured
Change in Crypto Trading Hours – 13th February 2021

Dear Traders, As part of our commitment to providing the best reliability and service to our customers, we are planning an infrastructure enhancement in our MetaTrader servers. 

By IC Markets Global