Gold has found support in this range where the previous breakout happened. This could be a strong demand zone, but won't be confirmed until we break and close above resistance at 1917
1.Price trended bearish today to retrace yesterday nights' bullish run
2. Price has retested this major level of support and failed to close below
3. Price has rejected the 200EMA which indicates a possibility for a continuation for bulls
4. There could be a minor pullback as price approaches this resistance.
5. If there is a break and close above 1915.50 it can continue going bullish due to the fundamental analysis
1.Price trended bearish today to retrace yesterday nights' bullish run
2. Price has retested this major level of support and failed to close below
3. Price has rejected the 200EMA which indicates a possibility for a continuation for bulls
4. There could be a minor pullback as price approaches this resistance.
5. If there is a break and close above 1915.50 it can continue going bullish due to the fundamental analysis