GOLD LIKELY TO PULLBACK BELOW 2338 BEFORE ANOTHER TEST OF R2!

12 May

Gold got rejected at R2 level projected and already formed double top which is likely to drive the metal down. A failure of support at S1 to hold gold's price will see metal price dropping below 2338 to test S2.

Having said that, gold may encounter early support at 2352; and price is rejected at this level, we might see gold again testing R2.


N.B!
- XAUUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades

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