The trend hasn't changed much in the past 24 hours in the 1-hr chart. We are expecting some major fluctuation in the coming US session. But before gold breaks any support or resistance, the price should maintain its path within 1883-1903 and the S-T resistance line(1) is still valid.
Gold is still trading in a tight range 1883-1903 on the daily chart. The price is supporting by the 20 days MA with the next support at line(3); on the other hand for the upside, if the price resumes its climb, the target can be set near 1930 or higher.
S-T Resistances:
1900
1895
1890
Market Price: 1887
S-T Supports:
1884
1880
1875
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Gold is still trading in a tight range 1883-1903 on the daily chart. The price is supporting by the 20 days MA with the next support at line(3); on the other hand for the upside, if the price resumes its climb, the target can be set near 1930 or higher.
S-T Resistances:
1900
1895
1890
Market Price: 1887
S-T Supports:
1884
1880
1875
Please give us a thumbs up if you like our ideas. Leave us a comment and share your thoughts.
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