Gold price analysis presented by foreximf.com. Gold price is still bearish after breaking previous low at 1225.48. Watch the level of 1215.85 as intraday key support, which if it breaks then might be followed by deeper bearish move to 1206.80-1210.30.

Gold price is still bearish after breaking previous low at 1225.48. Watch the level of 1215.85 as intraday key support, which if it breaks then might be followed by deeper bearish move to 1206.80 – 1210.30.

As backup plan, watch also the resistance area at 1224.90 – 1230.45 in order to look for sell signal confirmation with target at 1215.85 – 1221.45. Be careful if the resistance at 1230.45 breaks, because it possibly will raise the gold price up to test strong resistance at 1239.50.

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