11 MARCH 2019 GOLD PRICE ANALYSIS BY YLG BULLION SINGAPORE PTE LTD
Gold Price Analysis on Thursday 11 MARCH 2019
by YLG Bullion Singapore Pte Ltd
Resistance Level $1,284 $1,276 $1,264
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Support Level $1,312 $1,326 $1,333
If the price of gold is decreasing to approach the support zone of 1,284 dollars per ounce. It may rebound in short period. Initially, may have to be aware of the sales force back down again if the price is not strong enough to buy or there is a factor to push the price up. By assessing the resistance at 1,309-1,312 dollars per ounce
Suggestion
An investor advises to delay the purchasing if the price falls to 1,284 dollars per ounce While if there is a rebound,he still recommend to open sell opsition in the 1,309-1,312 dollars per ounce. (Cut losses if standing above 1,312 dollars per ounce)
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