Gold price got rejected exactly at the 100 day EMA and currently, the price has settled well
below it. So, buyers need to be very careful here.
There is a good chance that the price will drop to the key level at 1788 once again. I would advise
traders to wait and watch before buying. In my opinion, 1780-1790 would be a good level to buy.
Short-term traders can consider selling if bearish price action persists and target 1790 as TP.
below it. So, buyers need to be very careful here.
There is a good chance that the price will drop to the key level at 1788 once again. I would advise
traders to wait and watch before buying. In my opinion, 1780-1790 would be a good level to buy.
Short-term traders can consider selling if bearish price action persists and target 1790 as TP.