GOLD @ 1820
The pair is trading at around 1820 area.
Yesterday the Federal reserve said it had intentions to taper in march indicating possible downward pressure for the yellow metal.
If so it might find support @ 1810 1800 1785 and at 1780
However if price remains above the yellow trendline and trade above 1820
The pair will move upwards where it will face resistance @ 1830 1850 and possibly 1880
The supply and demand lines have been marked in red and blue
Yesterday the Federal reserve said it had intentions to taper in march indicating possible downward pressure for the yellow metal.
If so it might find support @ 1810 1800 1785 and at 1780
However if price remains above the yellow trendline and trade above 1820
The pair will move upwards where it will face resistance @ 1830 1850 and possibly 1880
The supply and demand lines have been marked in red and blue
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