In Asia’s trading session gold is trading at the level of $1,210. Hourly chart indicates selling pressure. Traders are awaiting the US pending home sales data. We could expect a bit pull back to $1,215-$1,220 for selling chances.
Support: $1,204, $1,200, $1,195.
Resistance: $1,220, $1,227.
Until gold close above $1,250, traders can go short on every rise. If any fall happens below $1,180, it will bring more weakness in yellow metal towards $1,160-$1,145.
The material has been provided by InstaForex Company – www.instaforex.com
In Asia’s trading session gold is trading at the level of $1,210.
Hourly chart indicates selling pressure.
Traders are awaiting the US pending home sales data. We could expect a
bit pull back to $1,215-$1,220 for selling chances.
Support: $1,204, $1,200, $1,195.
Resistance: $1,220, $1,227.
Until gold close above $1,250, traders can go short on every
rise. If any fall happens below $1,180, it will bring more weakness in yellow metal towards $1,160-$1,145.
The material has been provided by InstaForex Company – www.instaforex.com
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