19 SEPTEMBER 2019 GOLD PRICE ANALYSIS BY YLG BULLION SINGAPORE PTE LTD

BY YLG BULLION SINGAPORE PTE LTD

Resistance Level $ 1500, $1,512  $1,524

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

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

Support Level  $1479, $1,468  $1,457

Suggestion

Gold price becomes weaker resulting from salesforce coming out. If the gold price can maintain its settlement, investors might estimate a supportive level at $1,484 – 1,479 an ounce. However, if  it does not decrease lower than that level, there would be the rebound to the resistance level at $1,495 – 1,500 an ounce.

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