On th flip side, the Asian session low, around the $1,980 level, now seems to protect the immediate downside ahead of the $1,971-1,970 region. Some follow-through selling might expose the weekly trough, around the $1,953-1,952 zone touched on Tuesday. The latter represents a strong horizontal resistance breakpoint and should act as a key pivotal point. A convincing break below will make the Gold price vulnerable to accelerate the fall back towards challenging the 200-day Simple Moving Average (SMA), currently pegged near the $1,932-1,931 region.
Gold buy 1988
Target 1994
Target 2000
Target 2005
Sl 1976
Gold buy 1988
Target 1994
Target 2000
Target 2005
Sl 1976
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