GOLD Weekly Technical Outlook (16-20 March, 2015) | March 14, 2015

Gold is now staying on support area. 1130-1150 area is very critical for gold. If it can break this level, then we can expect more down on gold. If it can hold this support area, then it can move up. If we can see any pull back from this support, then we can go for buy. In the H4 chart, we can see pin bar has been formed. Gold is below a down trend line. So if it break in the upside, we can take buy entry.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1187

Resistance One (R1): 1173

Pivot Point: 1160

Support One (S1): 1145

Support Two (S2): 1132