Fears of increasing pricing pressures has unsettled global markets. Investors are looking for a reading of consumer prices, the consumer-price index, due to be released on Wednesday, and prices for wholesalers, the producer-price index, due on Thursday.
The GOLD price stayed below the 1763 key resistance level. As long as the price trades below 1763, on a four-hourly basis, we will see the daily support level at 1745. On the upside, if the price moves up above 1763, the next support level will be at 1785.
Support : 1745 - 1736
Resistance : 1763 - 1785 - 1805
12 Oct 21 (Tue)
Important : One Billion Signals will not be liable for any losses sustained while using the services provided on the One Billion Signals application. This application is not a solicitation to trade forex signals, nor is the representation is being made that any account will, or is likely to, achieve profits or losses similar to those discussed on the application. The past performance of any trading system or methodology is not necessarily indicative of future results.
© 2021 One Billion Signals All Rights Reserved