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Direction: Bullish above 1303.00, targeting 1365.00 and 1400.00 as long as the price trading above 1290.00
2016-06-30 05:32:18

Gold, 29-06-2016

on: In: Technical Analysis
 Print
Gold price is trying to rise once again, attempt to stabilize above 1317.00 again. Steady trading above the mentioned level may be positive, but we will be need to see the gold price beach through 1332.00 to prove this positivity.

GOLD@Daily

It is possible to rely stability of trading above the psychological level 1300.00 and above the previous top around 1303.00 to expect Gold price to rise, but because the technical indicators are currently showing lac of positivity, we should see a break above 1332.00 to confirm the extension of the upside trend.

  • Support:1303.00 – 1291.00 – 1280.00
  • Resistance: 1332.00 – 1325.00 – 1368.00

Direction: Bullish above 1303.00, targeting 1365.00 and 1400.00 as long as the price trading above 1290.00

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