Gold remained under pressure during the European session, pushing towards the major 1530.00-1525.00 support area, where we are obliged to remain on the sidelines until we see how price will react at this major juncture.
** Overall trend ( More than one year) ** Intermediate ( More than three months) ** Short term ( Less than three months) ** Chart is based on GMT+2 timing
Notes:
*if price reaches within 20% from target before triggering entry, signal is canceled and not valid anymore. | |||||
| Support | 1540.00 | 1533.00 | 1525.00 | 1510.00 | 1500.00 |
| Resistance | 1555.00 | 1561.00 | 1570.00 | 1576.00 | 1585.00 |
| Recommendation | Based on the charts and explanations above, we prefer to be neutral | ||||
