GOLD

GOLD

Gold has extended losses and it is currently testing the 1197 support level. In the event that the downward trend continue below 1197, the next support level will be at 1186. On the other hand, if the price find buyers from 1197, we will face resistance levels al 1210 and 1226. However, as long as the price sustains daily basis below the 1210, we think bearish outlook may dominate.

 

Support: 1197 – 1186 - 1177

 

Resistance: 1210 - 1226 – 1236

10 Mar 17 (Fri)

10:23 am



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