16 October 2019
16 OCTOBER 2019 GOLD PRICE ANALYSIS BY YLG BULLION SINGAPORE PTE LTD
BY YLG BULLION SINGAPORE PTE LTD
Resistance Level $ 1,491 $1,503 $1,513
– – – – – – – – – – – – – – – – – – – – –
– – – – – – – – – – – – – – – – – – – – –
Support Level $1474, $1,464 $1,450
Suggestion
Suggesting that investors should follow up with price movment for short profit making. If gold price cannot maintain above resistance level $1,491 – 1,503 an ounce. The investors should sell some position and wait to buy when the gold price moves lower to support level $1,474 – 1,464 an ounce.
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