Denis Joeli Fatiaki
Independent Analyst
Gold prices retreated from 1575.90 against the U.S. dollar after a few failed attempts to breakthrough but managed to regroup and now back at around the same spot with indications of a continues uptrend in the 60 minutes price chart; however, gold prices need to remain above 1575.90 to proceed to the upside.
A breakthrough at 1575.90 could clear the path to its next short term target at 1592.00
Resistance: 1575.90, 1582.20, 1586.60, and 1592.30
Support: 1569.20, 1564.00, 1558.55, and 1553.45
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