Farhan_Ali

Farhan_Ali

Gold has slipped his bullish momentum it seems to go going downward towards 1480 which seems to be a support for this metal, if it fails to stay above this it has an opportunity to reach it's resistance level which is 1520, Other wise it will turned bearish. Strong support is at 1464.

Farhan_Ali

It seems to be Dollar Index turned into Red Zone, but following points must be consider before reaching to the final decision. Horizontal Line along with trend line has turned to be a support line for Dollar Index which seems to be strong Region at point 97.06. Resistance could be at 97.88 which is also 0.618 correction.