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Gold Prices Trading Near Key Support…

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Gold Prices are getting Weak again…

Gold is subject to the major commodity cycles of all commodities, Last week Gold hit a reflective support price point and shows bounce which was completely unsustainable & now Prices are again near Critical Support Point

 

1315$ mark holding the key support for Gold on short-term basis, However later this week Important Data’s are schedule which will set the tone of market for May month, It will be most preferable if we get this week closing below 1315$.

 

 

 

 

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About the Author

Divesh Jotwani is a Full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day in and out markets.