Update: Gold price suffers sharp losses
Gold price bounced downwards strongly to break 1928.00 level and tests the intraday bullish channel’s support line that appears on the chart, which urges caution from the upcoming trading, as continuing the decline and breaking 1900.00 will push the price to suffer more losses and head towards 1838.00 areas on the near term basis, while the price needs to surpass 1928.00 to reactivate the bullish trend scenario that its next target located at 1970.00.
Reprinted from Economies，the copyright all reserved by the original author.
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