U.S. inflation slowed more than expected in July and raised hopes the Federal Reserve will become less aggressive on interest rates hikes.

As long as the GOLD price stays above 1785 on a four-hourly basis, we will see the resistance level at 1805 and 1829. On the downside, if the price breaks down below 1785, the next support level will be at 1763.

Support: 1785 - 1763
Resistance: 1805 - 1829 - 1854

11 Aug 22 (Thu)

03:54 am