Gold Pivot Key Resistance - Analysis - 08-01-2018

in #gold5 years ago

Gold is fluctuating around 1321.49 without being able to break through yet, while the SMA 50 continues to provide positive support for the price, keeping the chances for further upside in the coming sessions, pending confirmation of a breach of the mentioned level towards the pre-recorded high of 1357.53.

Therefore, we will continue to push the upside unless the 1299.20 level is broken and stability below it, as a breach of this level will press the price to return to the downside correction again, which has the next target at 1281.17.

The trading range for today is among the key support at 1310.00 and resistance at 1335.00

The general trend for today is bullish

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