Gold Analysis


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Gold Distressed Thin


After forming the minor bearish candle on the Daily chart yesterday, Gold is still overshadowed by selling to the nearest target to penetrate the support 1180.87, if the break following tests, 1172.58 and 1161.62. Strong support lies in LTL (1157.15). Support continued, 1146.55. Psychological support 1131.05. Below the level of dominance seller will refund Gold 1131.05 dip trend.

Gold rises opportunities to meet with initial resistance at 1202.80 levels, and 1211.08. Strong resistance is located at the confluence of the ITL and resistant 3 (1219.37). Major resistance, 1255.15

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