Gold Not Change Movement Patterns


Since yesterday until this morning gold price movement patterns (XAUUSD) hardly changed. XAUUSD trying to maintain ride waves (rebound) from 1131.05 to 1177.05. However, market conditions are in this consolidation phase seems to have no great upward momentum.

See indications on 4-hour chart, for short-term intraday XAUUSD still has the potential to fall. If the first resistance zone at 1161.10 impenetrable, XAUUSD be turned down by the target 1157.00, 1146.00 and 1142.00.