Ransquawk

The GOLD, which we analysed a few days ago, on the last day of the current month again tested the key support within 1307.00. This area is extremely important as it prevents sellers from further expansion lasting from the beginning of this year. If also this time enough sell orders appear on the support level, we can expect quotations to remain in the range between the aforementioned support and the resistance close to 1357.00.In addition to the key levels listed a moment ago, it is worth bearing in mind the trend lines running from this year’s highs and the local horizontal area close to 1335.00. It is in the vicinity of these levels that offers may appear in case of rebound.On the other hand, after effectively breaking the support, the level of the gap from 26 December last year around 1277.00 will be opened.

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Ransquawk