24 OCTOBER 2019 GOLD PRICE ANALYSIS BY YLG BULLION SINGAPORE PTE LTD

BY YLG BULLION SINGAPORE PTE LTD

Resistance Level $ 1,496  $1,506   $1,519

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

Support Level  $1474, $1,464  $1,450

Suggestion

A gold price tends to rise up testing a resistance level $1,496 an ounce. If it cannot pass that level, investors may partly sell some position partly for profit. However, the investors should estimate a support level of $1,482 – 1,474 an ounce.