Gold Spot / U.S. Dollar
Short

GOLD ( FALLS )

100
XAUUSD

• Gold falls to multi-week low after US labor market data exceeds expectations.
• China’s People’s Bank halts 18-month Gold buying spree, exerts downward pressure on
XAU/USD.

  • Tendency the price is under bearish pressure 2,327$

  • Turning level : The turning level 2,327$$,so as long as the price below this level, there will be a bearish trend

  • resistance level : Breaking the turning level 2,327$ , the price will rise to 2,372$, as long as the price stabilize this level , there will be reach 2,398$

  • support level : The trading stabilizing below 2,327$, the price will reach the support level of,2,280$ and2,252$, and under this level it will reach 2,233 $

  • corrective level : price will attempt 2,327 , correct itself before falling

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