GOLD Weekly Analysis (30 March-3 April, 2015) | March 28, 2015

After breakout 1192 resistance, gold started move up. It has rejected near to resistance level 1218-1220 level. After that rejection, we saw rapid falling on gold. It has tested 1192 area again and moved up. So 1192 level will be important area for gold. If it can hold this level, then we can see bullish movement on it. If gold can break 1192 area, then we can see downward rally again and target will be 1170 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1239

Resistance One (R1): 1218

Pivot Point: 1198

Support One (S1): 1177

Support Two (S2): 1157