Gold price showed an upward movement yesterday and it is trading above the 1226 key support level. As long as the price remains above 1226, we expect the price may gain more value and we will face resistance levels at 1236 and 1255. On the other hand, if the pair drops below 1226, the next support level will be at 1210.
Support: 1226 – 1210 – 1197
Resistance: 1236 – 1255 - 1273
12 May 17 (Fri)
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