Forex – Spot Gold
During the trading hours yesterday, the spot Gold was in range 1222.00-1232.50 USD. This morning the precious metal is trading at 1226.15-1228.75 USD.
According to Forex analyses, if spot Gold breaks the resistance levels at 1228.75-1230.65 USD, the aim will be reaching and testing the zone 1232.50-1234.65 USD. If it is successful, the upward trend will continue to 1236.60-1239.00 USD.
If the precious metal drops below the support levels at 1226.15-1223.50 USD, it will try to find a next support at 1222.00-1219.40 USD. In case of breaking down, the downward trend will continue to 1216.85-1214.80 USD.
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