Gold at $2398: What Next..?
Gold found some selling pressure from $2418 yesterday and plunged to $2379 and currently trades with some bounce back off the low , facing resistance at $2398
If this resistance is breached, expect some further upside to reach 4 Hourly 50 EMA $2412 where some selling can resume targeting retest of $2379 below which next support will come at $2364
Major support is $2353
If this resistance is breached, expect some further upside to reach 4 Hourly 50 EMA $2412 where some selling can resume targeting retest of $2379 below which next support will come at $2364
Major support is $2353
Penafian
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