GOLD ANALYSIS, 8th April

GOLD ANALYSIS

Comments:

If market breaks and sustain above the 1580 level then it may test its strong resistance at 1588. If market succeed in breaking its resistance and sustained above, it may tend to its another strong resistance at 1616 and the behavior of the market will be follwing:

1588

1595

1600

1608

Otherwise the market can test its support at 1568 by breaking the 1575 and 1571 levels. if support is broken then it may go next level down to:

1560

1555 (Strongest Support)

1550

1540

If these levels are broken then market might be free fall to 1525

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