LeoPrime Daily Market Analysis

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Gold reversed from support area; Likely to rise to 1910.000

Gold recently reversed up with the Doji candlesticks reversal pattern from the support area located between the support level 1860.00 (which has been reversing the price from August), lower daily Bollinger Band and the 50% Fibonacci correction of the upward price impulse from the start of June. Given the clear multi-month uptrend that can be seen on the daily Gold charts, Gold is likely to rise further toward the next resistance level 1910.00 (which started the earlier sell-off).

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