Support - $1268, $1263, $1253
Resistance - $1284, $1295, $1303
Resistance - $1284, $1295, $1303
- Gold’s four day winning streak has been accompanied by falling tops formation on the hourly RSI, indicating bearish divergence.
- Thus, a break below Asian session low of $1272 followed by a violation at immediate support of $1268 would open doors for a corrective move down to $1263.
- On the higher side, $1284 stands as a strong resistance, which could be put to test if prices rebound from $1263 levels.
- Overall, dips could see fresh demand as long as prices do not see a day end closing below $1263 levels.
