H1 Chart
R3 1561.07
R2 1553.08
R1 1548.15
Pivot 1540.17
S1 1532.18
S2 1527.25
S3 1519.27
Gold price had a jump yesterday that broke the yellow trendline and approaching high price of 1550.70, however, sudden jump of price always followed by quick fall and gold price back to it previous level around current pivot level. Now gold price is moving under the trendline and trying hard to break it to climb back to the high level. It is good to see that gold price keep trying to break the resistance trendline and pivot level will be a strong support for gold to resist gold price to fall untill purple trendline that shown above.
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