Forex Trading – Spot Gold
During the trading hours yesterday, the spot Gold was in range 1160.70-1169.30 USD. This morning the precious metal is trading at 1165.35-1169.45 USD.
According to the analyses of Trading212, if spot Gold breaks the resistance levels at 1169.45-1171.45 USD, the aim will be reaching and testing the zone1174.60-1176.75 USD. If it is successful, the upward trend will continue to 1179.20-1183.80 USD.
If the precious metal drops below the support levels at 1165.30-1160.75 USD, it will try to find a next support at 1152.85-1149.15 USD. In case of breaking down, the downward trend will continue to 1143.60-1139.00 USD.