Wednesday, October 24, 2018

Analysis of gold .. Are still levels of 1250 obstacles


Looking at the attached chart, Gold has followed our previous analysis, strong support at 1180 levels, no sharp declines or price falls despite the recovery of the USD index at different intervals. Gold has now built strong new support at 1200 levels, In its attempt to reach the first target of 1250, we expect some resistance at 1240 which is basically psychological. Over 1240 will make the 1250 levels just a matter of time. Staying above 1250 next month will confirm our view that gold is back at 1450 during the remainder of this year and a quarter The first of 2019

It remains to be clear that any political emergency may precipitate much of the written scenario

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