H4 Chart
R3 1557.23
R1 1548.83
Pivot 1543.63
S1 1538.44
S2 1535.23
S3 1530.03
Gold fall to lowest price since last week, the last support trendline seem failed to hold the gold price, S3 level will be the last support for gold. According MACD, selling power is strong, however there are still some buyback power to support gold price when we look at the candlestick. Let gold price to make a few more test on the support line, trend of gold will be known soon.
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