March 1, 2017

Gold Chart analysis

  • Gold 4 hour chart shows price testing 100 Period SMA. Bullish candle at the current levels can lead to a reversal.
  • As the second chart shows price is staying below crucial support lines. Gold bulls need to get back above these lines to avoid bigger correction.

GOLD support levels

  • Crucial support for Gold at the 100 Period SMA. Closing below this line may extend the weakness seen in this time frame.