GOLD

GOLD

U.S. Non-Farm Payrolls data was released last Friday, which was better than expected and Gold price dropped to the 1226 key support level. However, as long as the price remains stable above 1226, we expect the downward trend may lay over and we will watch resistance level at 1236 and 1255. On the other hand, if the price drops below 1226, the next support level will be at 1210.

 

Support: 1226-1210-1197


Resistance: 1236-1255-1273

08 May 17 (Mon)

09:29 am



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