CHART-II
- GOLD is moving towards the resistance line of the triangle patter shown in this post. 1792 has held for now and price may face resistance at the upper resistance line of this triangle pattern. Price should hit 1850 levels for this move.
CHART-I
- Correction was stopped at 1792. This level was discussed in the last update on gold. For the short term gold bears this level should be taken out for a decent correction to happen.
- If price sustains above this level then the dotted resistance line will be broken and price may move towards the major resistance line.
- GOLD SUPPORT AND RESISTANCE LEVELS
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