Wednesday, September 23, 2015

Gold Recovered Some Losses

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


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