Looking at the
attached chart, Gold has followed our previous analysis, strong
support at 1180 levels, no sharp declines or price falls despite the
recovery of the USD index at different intervals. Gold has now built
strong new support at 1200 levels, In its attempt to reach the first
target of 1250, we expect some resistance at 1240 which is basically
psychological. Over 1240 will make the 1250 levels just a matter of
time. Staying above 1250 next month will confirm our view that gold
is back at 1450 during the remainder of this year and a quarter The
first of 2019
It remains to
be clear that any political emergency may precipitate much of the
written scenario
0 Comments