Gold/USD drops took another hit to 1804.25 estimates

Denis Joeli Fatiaki Independent Analyst

The Gold prices closed Friday session above 1825 support level after falling below 1840 but continued down to 1804.25 in today's opening session.
Prices recovered above 1825 from the time of writing and will be looking to test this level in today's session.

The Daily chart indicates a strong support level at around 1830; if it holds at this level, this could indicate a potential reversal to the upside.

Support estimates: 1825, 1820, 1815, 1810
Resistance estimates: 1830, 1834, 1840, 1845, 1850, 1855

The 30 minutes chart support and resistance forecast

The dailychart support and resistance forecast

Author

Denis Joeli Fatiaki

Independent Analyst

Denis Joeli Fatiaki possesses over a decade of extensive experience as a multi-asset trader and Market Strategist.

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