Gold direction for 7 August 2017

Home / Gold / Gold direction for 7 August 2017

Gold still finding hard to break the weekly channel. There are currently no buyers in the market. However since we are still early in the day, we have to wait for the European market to open for decision time. 1255 is the short term support for now. The support area which I am more interested is the 1243 as it is present in both the Daily and 4 hour time frame