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Gold Technical analysis 18 September 2018

2018-09-17 11:33 pm | Resource: Technical Analysis | No Views : 45

Time frame Used - four hours
Gold is moving in a sideway direction in the near term
GOLD CHART
Gold still faces resistance around levels of  1207-1215
  In view of the technical indicators
Both the RSI and Stochastic are indicating to weakness of  indicators
  Accordingly, we expect gold to test 1190-1882
The alternative scenario is that the gold breach  the 1215 level to test the 1225 level
Resistance: 1207 - 1215 - 1125
Support: 1190 - 1182 – 1172
  Direction: sideway
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