After a big uptrend gold price is now having a pull back and moving in a small range for few days. A consolidation is always good for a healthy move.
Important resistance zone is 2345 - 2365. Price have to break this with force and sustain above the mentioned zone to move up further.
We have two near by support zones where price can bounce, once it is tested.
2310 - 2314 is the near by support. If price break it, then it can move towards the major support zone 2288 - 2298.
Price will hold the major support. Otherwise it will move towards 2270.
There is no buy sell levels here. How price reacts at the given zones will decide the trend direction. Trade accordingly.
Important resistance zone is 2345 - 2365. Price have to break this with force and sustain above the mentioned zone to move up further.
We have two near by support zones where price can bounce, once it is tested.
2310 - 2314 is the near by support. If price break it, then it can move towards the major support zone 2288 - 2298.
Price will hold the major support. Otherwise it will move towards 2270.
There is no buy sell levels here. How price reacts at the given zones will decide the trend direction. Trade accordingly.
Comment:
Testing mini support.
Comment:
Nearing the major support.