GOLD Weekly Analysis (27 April-1 May, 2015) | April 25, 2015

Gold fell rapidly at the last trading session. Now it is facing support at 1175 area. On the chart we can see that 1175 area is good support level for gold. From this level, it can bounced back again. If we find any bullish candle on this level, then we can go for buy on gold and target will be 1196. On that level we can that gold is following a down trend line. So if we find gold on that downward line, then we can look for bearish candle to take sell entry on gold.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1220

Resistance One (R1): 1199

Pivot Point: 1187

Support One (S1): 1166

Support Two (S2): 1154