ការវិភាគបែបបច្ចេកទេស

Gold inclined to stabilize above 61.8% Fibonacci as seen on the provided image. Although, we didn't witness a daily closing above 1395.00, but we can see signs of constructing a harmonic formation where its CD leg could continue. We should observe trading around 1430.00 - 1402.00, followed by 1413.00 and after that 1430.00 and 1450.00. Each level of them could be a potential reversal point. Consequently, the bullishness will be in favor but we should be careful around the aforesaid levels as it could stop at any level of them.
The trading range for today is among the key support at 1350.00 and key resistance now at 1430.00 .
The general trend over the short term basis is to the downside, targeting $ 1208.00 per ounce as far as areas of 1465.00 remain intact.
Support 1385.00 1372.00 1368.00 1362.00 1355.00
Resistance 1395.00 1402.00 1406.00 1413.00 1425.00
Recommendation Based on the charts and explanations above our opinion is,
buying gold around 1385.00 targeting 1413.00 and stop loss with a four hour
closing below 1372.00 might be appropriate.