Welcome traders to 21FX.
Important close here on Gold on Friday which hints that there is a possibility that we will see some more decline in the coming week.
We've closed below the support so a small movement up is not out of the question. The trend is acting as a clear guide so we shall continue to use it as part of the trading plan. The support level of 1790-92 is very important as breaking this level will increase the chances of further decline in Gold as is the resistance level of 1818 and 1824.
Traders and students please look for the following levels on Monday to act as support and resistance.
1802 and 1792 as support.
1818 and 1824 as resistance.
Important close here on Gold on Friday which hints that there is a possibility that we will see some more decline in the coming week.
We've closed below the support so a small movement up is not out of the question. The trend is acting as a clear guide so we shall continue to use it as part of the trading plan. The support level of 1790-92 is very important as breaking this level will increase the chances of further decline in Gold as is the resistance level of 1818 and 1824.
Traders and students please look for the following levels on Monday to act as support and resistance.
1802 and 1792 as support.
1818 and 1824 as resistance.
