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Direction: Bearish below 1200.00
2016-06-01 17:06:48

Gold, June 01

on: In: Technical Analysis
 Print
 

Gold trades below 1219.00, which may assist bears to breach 1205.00-1200.00 areas to prove the bearishness along with negativity on moving averages.

GOLD@Daily-1

ADX shows increase in bears’ power and we see trading below 1243.00 as a negative signal for short-term trading.

Support: : 1205.00 – 1200.00 – 1190.00

Resistance: 1219.00 – 1225.00 – 1232.00

Direction: Bearish below 1200.00

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