Gold walking on the edge! Undecided Area for traders!
it is hard to talk about gold as it is now about 1484 - 1488 which is powerful support! Break it and it will fall to the unknown area to create new support because 1400 is unbelievable. and if the reverse shows, 1500 and 1510 are first targets, and also resistances.
Some believe that it will reverse in order to support and others because of its falling from 1530 to 1490 is unusual and will back. So they have opened long.
On the other hand, some think it will fall because of the world economy which is going to be safe. Saudi and Irans trying to talk, the USA and China also have some good reports. so it may happen that gold falls.
Some believe that it will reverse in order to support and others because of its falling from 1530 to 1490 is unusual and will back. So they have opened long.
On the other hand, some think it will fall because of the world economy which is going to be safe. Saudi and Irans trying to talk, the USA and China also have some good reports. so it may happen that gold falls.
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