GOLD BULLISH
Gold Analysis
Gold has rebounded harder from the major support 1690. Now the gold price is near to the lower high level of a descending channel in the daily timeframe.
The major support level for gold is 1690 to 1680 level which is really very hard to break at this time. However, trend reversal will happen if gold breaks this major support 1680, until that you can expect a ranging movement between the recent highs and lows.
Gold has rebounded harder from the major support 1690. Now the gold price is near to the lower high level of a descending channel in the daily timeframe.
The major support level for gold is 1690 to 1680 level which is really very hard to break at this time. However, trend reversal will happen if gold breaks this major support 1680, until that you can expect a ranging movement between the recent highs and lows.
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