GOLD: Down move? 27-Jan-2020

4:45 PM IST

CMP: 1585.x
For down move Gold must break the down trend line and 1575.

27-Jan-2020

CMP: 1579.x; Res: 1589/1613; Sup: 1535
If Gold resisted by the above resistances, we can see 1560 first and further 1542-1535.
Below 1535, we will see 1513-1505-1495, 1480-1466 as extension.

Previous Analysis:

https://ewavesjournal.blogspot.com/2020/01/gold-upside-correction-and-fall-26-jan.html
As per this analysis, Gold reached upside normal target.