DISCLAIMER: THIS POST IS FOR INFORMATION PURPOSES ONLY. I AM NO FINANCIAL ADVISER. PLEASE KINDLY CONSULT YOUR FINANCIAL ADVISER OR CARRY OUT YOUR OWN RESEARCH BEFORE MAKING USE OF THE INFORMATION IN THIS POST.
Gold has been experiencing a free fall in price since the 15th of June 2018 but yesterday it showed visible signs of a price reversal. The bulls seem ready to push Gold's prices back up.
The major hinderance to this rise is the major resistance at 1267. If this level holds, then the bearish trend will resume with our major target at 1240.
On the other hand, a break above 1267 validates the bullish run and we can expect prices to rise as high as 1300.