10:05, 18 февраля
Gold price had jumped at night owing to Apple’s profit warning will be the first of many from U.S. Companies as the Coronavirus has decimated China’s economy. But we think that there is a selling pressure on Gold price.
Our resistance level is 1590 for Gold. We may see some down movements if the Gold price stays below this level.
Resistance levels: 1590 – 1594 - 1600
Support levels: 1583 – 1578 - 1574