Gold’s rebound from the low of $1307 in Asia suggests the decline from the high of $1352 has ended and prices could test 50-DMA level of $1332.
On the lower side, only a day end close below flag support (marking a bearish break from the flag pattern) would signal the decline from the high of $1352 has resumed and could yield a move to $1284 levels.
On the lower side, only a day end close below flag support (marking a bearish break from the flag pattern) would signal the decline from the high of $1352 has resumed and could yield a move to $1284 levels.
