The Gold Price pulled back after hitting the daily resistance level of 1555. Now, we will closely watch the key 1540 support level. As long as the price stays above 1540, on a four hourly basis, we will see the daily resistance level at 1555 again. Moreover, in order for the upward movement to gain more momentum, it needs to rise and sustain above 1555 on a daily basis. On the downside, if the price breaks down 1540, the next support level will be at 1524.
Support : 1540 - 1524 - 1509
Resistance : 1555
05 Sep 19 (Thu)
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