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Farooq

Technical Analysis – XAUUSD _ 29-03-2019

HomeTechnical AnalysisTechnical Analysis – XAUUSD _ 29-03-2019
29
Mar
Technical Analysis – XAUUSD _ 29-03-2019

Yesterday, gold lost all the gains it has made in the past period as it achieved all the targets referred to by the previous analysis and we reduced the level of focus today to become at 1280
Above this level it is likely to retest the previous support point, which has now become a resistance point at 1298 which is breached. The metal is likely to witness further recovery in the near term to 1207 and then to 1213
In case of breaking the level of support today we may see further declines to the level of 1275 and this point is a strong resistance point and if breached may reach the level of 1270

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