Since yesterday Gold has been trading a little higher than its last low. The yellow metal fall to $1,122 yesterday and is currently trading $6 higher at $1,128. Market sentiment remains bearish for the long-term with a slight chance to try and reach higher to $1,142 before going down again.
First support and resistance levels: $1,124 & $1,132
Second support and resistance levels: $1,116 & $1,142
Chart: H1 XAUUSD
Thank you for the analysis.
ReplyDeleteThank you for the analysis i'll keep an eye.
ReplyDeleteI fully agree with your assessment!
ReplyDeleteThank you for this gold analysis.
ReplyDeleteNicely spotted points, thank you.
ReplyDeleteGreat post.
ReplyDeleteI will keep eyes on those levels.
ReplyDelete