YLG Bullion International

14 MARCH 2019 GOLD PRICE ANALYSIS BY YLG BULLION SINGAPORE PTE LTD

 

  

Gold Price Analysis on Thursday 14 MARCH 2019

 

by YLG Bullion Singapore Pte Ltd

 

Resistance Level $ 1,312 ,$1,321 ,$1,333

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– – – – – – – – – – – – – – – – – – – – –

Support      Level  $ 1,292 ,$1,284 ,$1,276

 



  
After gold price moves up and test the resistance level $1,312 an ounce again but are unable to pass that level, the investors might be cautious to sell for profit. However, if it continues dropping but not lower than support level, it estimates that price decreases to accumulate the buying force again.

   

Suggestion

If gold price cannot position above resistance level at $1,312 an ounce, investors may close some positions for short profit and await dropping price again. However, if the gold price sustains the support zone $1,296 – 1,292 an ounce, the investors may consider of buying for short profit.

  

 

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