- Gold bear trend is finding some support as the metal is displaying bullish activity for the third consecutive day.
- Gold bulls are trying to form a v-shaped reversal up trying to target 1,205.50 area, August 10 low which was a former important support level.
- Gold short-term bullish momentum would likely fade below 1,180.62.
Spot rate: 1,190.59
Relative change: 0.52%
High: 1,190.87
Low: 1,182.50
Trend: Bearish
Short-term trend: Bullish
Resistance 1: 1,194.30 March 10, 2017 low
Resistance 2: 1,205.50 area, August 10 low
Resistance 3: 1,211.17 July 19 low
Support 1: 1,180.62 January 27, 2017 low
Support 2: 1,172.82 current 2018 low
Support 3: 1,145.20 March, 1 2017 low