18 July Thursday View
18 July Thursday View
Mr. Bernanke's first day testimony before the Congress on Monetary Policy certainly created some volatility in the market but the Gold price remained indecisive.
30590 (USD 1268.68) level support, as well as the trendline support in H4 since 28 June with higher low on 05 July is holding, but the double top at 31325 (USD 1299.16) in H1 chart (18Jul_H1) doesn't look good if not broken soon.
Stay Safe :)
Mr. Bernanke's first day testimony before the Congress on Monetary Policy certainly created some volatility in the market but the Gold price remained indecisive.
30590 (USD 1268.68) level support, as well as the trendline support in H4 since 28 June with higher low on 05 July is holding, but the double top at 31325 (USD 1299.16) in H1 chart (18Jul_H1) doesn't look good if not broken soon.
Stay Safe :)
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