GOLD

GOLD

The selling pressure has been behind the Gold price for five weeks. The price dropped below the major level of 1210 yestarday but it rebound back up and closed above the daily support level of 1210. As long as the pair sustains above that level on a daily basis, the bearish action may be limited and we will see resistance level at 1226 and 1236. On the other hand, If the price breaks down 1210, the next support level will be at 1197.

Support : 1210 - 1197 – 1186

Resistance : 1226 –1236 – 1255

11 Jul 17 (Tue)

06:59 am



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