GOLD 5 JUL 2019
Fundamental analysis: The publication of Non-Farm Payrolls monthly report is good, the result push gold price dropped sharply.
Technical analysis: The price formed multiple bearish pin bars at the major resistance zone 1425 - 1440. Gold may drop down and consolidate in the short term. After correction, it may go up higher.
Resistance level at 1398, 1425, 1440
Support level at 1375, 1348 - 1358
Technical analysis: The price formed multiple bearish pin bars at the major resistance zone 1425 - 1440. Gold may drop down and consolidate in the short term. After correction, it may go up higher.
Resistance level at 1398, 1425, 1440
Support level at 1375, 1348 - 1358
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