Attention will now turn to Wednesday’s U.S. consumer price index release, with another large number likely to cement another increase along the lines of the 75 basis points hike seen from the Fed last time out.

As long as the GOLD price stays above 1763 on a four-hourly basis, we will see the daily resistance levels at 1785 and 1805. On the downside, if the price breaks down below 1763, the next support level will be at 1745

Support: 1763 - 1745
Resistance: 1785 - 1805 - 1829

09 Aug 22 (Tue)

05:01 am