H4 Chart
R3 1560.17
R2 1551.61
R1 1546.32
Pivot 1537.77
S1 1529.21
S2 1523.92
S3 1515.37
Due to negative results of the USD news on last friday, as expectedly Gold become people favourate again to hedge USD and the price is supported by the trendline at S2 level and rebounce back to uptrend. Gold price raise up for about $20 untill R1 level. The effect fomr the news should just started and i will wanted to see gold price will fall to the purple trendline as correction and go back to uptrend until R 2 or R3 level. Its time to long gold..!!!
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