Gold price analysis presented by foreximf.com. Today, Watch 1225.60 level as intraday key support, which if it breaks, then might be followed by deeper bearish move to 1213.30-1218.00.

Gold price is still bearish. Watch 1225.60 level as intraday key support, which if it breaks, then might be followed by deeper bearish move to 1213.30 – 1218.00.

As backup plan, watch also the resistance area at 1237.80 – 1241.60 in order to look for sell signal confirmation with target at 1225.60 – 1233.15. Be careful if the resistance at 1241.60 breaks, because it will change intraday bias into bullish with the gold price moves up to the 1245.40 – 1250.00 range.

ANALISA