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Gold: Approaching Key Resistance Zones Of 1198.00

Published 03/24/2015, 05:44 AM
Updated 07/09/2023, 06:31 AM

Gold Daily Chart

Respecting our intraday bullish scenario, gold has moved again to the upside approaching the key resistance zones of 1198.00. In the interim RSI14 continued to inch higher along with stability above Linear Regression. Henceforth, we still see chances for breaching the key Fibonacci level at 1198.00 on the way towards 1220.00 followed by 1240.00. On the downside, coming beneath 1151.00 will give us a rational technical reason for concern.

Gold Support Resistance & Recommendation

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