Gold, the mid-term price of gold is most likely expected to have a bearish trend
Further to the increase of US Federal Reserve contractionary policies and the reduction of international tensions, particularly in the Korean Peninsula, the demand for gold in the market fell and the price is on the verge of breaking the support level of $1,282.
The mid-term price of gold is most likely expected to have a bearish trend.
In the short term, there is potential for a pull-back to the broken support.
Support levels: 1236 & 1204
Resistance levels: 1300 & 1325