On weekly chart Gold is holding previous week low and it is in consolidation.
One can buy above 1794 for target of 1814.
1755 is very important for gold, if breaks 1755 there will be more weakness and it can drop up to 1745 then 1722. This down movement will be rapid.
Above 1802 it will attract buyer and potential target will be 1833.
Next week will be important.
One can buy above 1794 for target of 1814.
1755 is very important for gold, if breaks 1755 there will be more weakness and it can drop up to 1745 then 1722. This down movement will be rapid.
Above 1802 it will attract buyer and potential target will be 1833.
Next week will be important.