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Gold outlook today 18th december 2014

Gold outlook today 18th december 2014

Gold outlook today 18th december 2014

Gold price trading at 1198$ almost in yesterday’s range after making low of 1183$ , Gold dipped after Fed’s statement that no interest rate hike in near term which gave good boost to dow and put pressure on gold for that time . Now if gold price click our support of 1209$ and manage to sustain above our daily’s resistance then expect gold to fire upto 1218$ – 1228$ .

If gold price click our support of 1180$ and manage to sustain below our technical support then expect gold to correct upto 1170$ – 1160$ .

Gold outlook conclusion : Gold looking slightly positive for now

More will update to our subscribers

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About mohdarafat

Well nothing special about me a simple guy technical analyst by profession deals in commodities and major stock markets in the world

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