YLG Bullion International

13 MAY 2019 GOLD PRICE ANALYSIS BY YLG BULLION SINGAPORE PTE LTD

 

  

Gold Price Analysis on Monday 13 May 2019

 

by YLG Bullion Singapore Pte Ltd

 

Resistance Level $ 1,292 $1,311 $1,324

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Support      Level  $ 1,272 $1,266 $1,251

 

 

       Gold price attempts to settle for maintaining. If gold price can stand above $1,272 an ounce, investors might see its rebounding to test the resistance level $1,292 an ounce. However, if gold price cannot reach out $1,292 an ounce, it might decrease for resettlement again.

 

Suggestion

     Weighing on profit making within frame, if gold price can stand above the support level at $1,272 an ounce, it still has a chance to go up testing resistance level $1,292 an ounce.

  

 

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