Market Focus: Gold
Today’s video report
Today we take a look at the Gold’s daily chart, with evidence on both sides will we see the lower high maintain control with new falls or will buyers expand on yesterday’s fightback?
A triangle price pattern has formed on the 4H showing some short-term indecision, but the daily shows a new LH after the 1st that was set on the 26th of March. A new move below 1577 starts to point to momentum in seller’s court and a rally above 1600 could suggest yesterday’s rally may have more to it.
Daily chart support and resistance to watch
Support – 1573.40
Resistance – 1591 – 1596
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