YLG Bullion International

8 MAY 2019 GOLD PRICE ANALYSIS BY YLG BULLION SINGAPORE PTE LTD

 

  

Gold Price Analysis on Wednesday 8 May 2019

 

by YLG Bullion Singapore Pte Ltd

 

Resistance Level $ 1,288 $1,297 $1,309

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

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

Support      Level  $ 1,272 $1,266 $1,251

 

 

       If the price decreases to support level $1,271 – 1,266, it might shortly rebound. Initially, if there is not enough buy force and another factors, it would have salesforce again. The investors should estimate resistance level $1,288 an ounce.

 

Suggestion

       The price may swing within the frame. Investors should focus on short profit over range of $1,272 an ounce. If gold price can stand above that level, it has a chance to test the next $1,288 an ounce.

  

 

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