Immediate support levels could be monitor closely for Gold Price 1114 and 1110.
A broken of support level, 1110 may lead the gold market to 1080.
MACD showed potential bearish signal and RSI drop below 50, a broken of fibo retracement (0.618) under 1,114 may adding further catalyst for downward movement, Fed interest hike meeting on the way, sound bearish for gold price?
Good luck and happy trading to all traders :)
A broken of support level, 1110 may lead the gold market to 1080.
MACD showed potential bearish signal and RSI drop below 50, a broken of fibo retracement (0.618) under 1,114 may adding further catalyst for downward movement, Fed interest hike meeting on the way, sound bearish for gold price?
Good luck and happy trading to all traders :)