Gold sees hesitation !

The XAUSUD maintained a bearish momentum the past few days , topped at the 1255.07 levels, and bottomed at 1234.24 levels, now the pressure will be on the key support 1234.24.

The GOLD will have to hold below the 1234.24 levels on a daily closing basis (GMT+ 2 ), to push to the market for further downside losses, If seen, It will target the 1218.48 levels where a breach will turn focus on the 1213.35 levels, further out will  bring a free fall towards the 1182.50 levels.

Alternatively, a failure to hold below the 1234.24 levels could mean a return to the 1255.07 levels, a halt is suggested, but break 1255.07 on a daily basis would open 1276.47 levels,  break of 1276.47 on a daily basis will have large bullish implication towards 1327.34 levels.

Gold sees hesitation !




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