19 MARCH 2019 GOLD PRICE ANALYSIS BY YLG BULLION SINGAPORE PTE LTD
Gold Price Analysis on Thursday 19 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
If the gold price cannot stand above $1,312 an ounce, the price would decrease. Suggesting support level $1,298 – 1,292 an ounce. If it can maintain above support zone, there might be some salesforce and makes the price rebounding again.
Suggestion
Gold price has a chance to increase testing resistance level $1,312 an ounce, investors might monitor on this point for profit making. If the price decreases but still maintains its position between $1,298 – 1,292 an ounce, investors might buy for short profit.
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