Resistance: 1627.78 moderate/1632.72 minor/1639.68 minor
Support: 1620.82 strong/1615.88 moderate/1608.92 minor
GOLD is generally bullish with a high level bearish reversal pattern Three Inside Down in Hourly charts just above a strong support level at 1620.82, the Pivot Point. Look to sell on a push under 1620.82 with stop losses just above the Three Inside Down high. Our immediate objective is 1615.88 break of which may see us dropping to 1608.92.
Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To Look At Prices