GOLD: With a second day of weakness occurring on Tuesday and GOLD following through lower during Wednesday trading session, further bearishness remains. Support comes in at the 1,319.20 level. This if taken out it will pave the way for a run at the 1,300.00 level. Below here will aim at the 1,280.00 level where bulls may come in. Its daily RSI is bearish and pointing lower supporting this view. On the upside, for GOLD to annul its correction it will have to retake the 1,367.40 level, a tough call based on its present price action. Further out, resistance resides at the 1,388.95 level, its Mat 17 2014 high followed by the 1,400.00 level, its psycho level. A break will trigger further upside pressure towards the 1,450.00 level, its psycho level. All in all, GOLD remains biased to the downside in the short term. Guest post by FX Tech Strategy Guest Guest View All Post By Guest Forex Bits share Read Next Canadian dollar crushed post series of events Aayush Jindal 8 years GOLD: With a second day of weakness occurring on Tuesday and GOLD following through lower during Wednesday trading session, further bearishness remains. Support comes in at the 1,319.20 level. This if taken out it will pave the way for a run at the 1,300.00 level. Below here will aim at the 1,280.00 level where bulls may come in. Its daily RSI is bearish and pointing lower supporting this view. On the upside, for GOLD to annul its correction it will have to retake the 1,367.40 level, a tough call based on its present price action. Further out, resistance resides at… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
