GOLD Analysis

The Gold price dropped below the main level of 1540. If the price stays below 1540, on a fourly hour basis, the downward movement may continue and we will see 1524 as a daily support level. On the upside, if the price goes beyond 1540, the next daily resistance level will be at 1555.

Support: 1524- 1509 - 1492
Resistance: 1540 - 1555