Within recent weeks, Gold has been ranging between a key support level at 1760.00 and key resistance level at 1820.00. However, as of Friday, the yellow metal has managed to break below its level of support. Despite, dipping below and breaking out of its range in August, bears will be looking to push this one down further, while bulls look for an opportunity to push the prices back up.
- The price is expected to continue to trade below the current level set at 1760.00 for a while.
- Any break above the key resistance level will see bulls take advantage of the opportunity to push price levels higher.