Gold holding below 1256 retests

Daily Forecast - 19 June 2017

Gold Spot

Gold holding below 1256 retests the 1251 low before 100 day moving average support at 1248/46. In oversold conditions this will be the best support of the day. However if we continue lower look for 1241 then 200 day moving average support at 1238/37.

Minor resistance at 1257/58 then quite strong resistance at 1261/62. Shorts need stops above 1265. If we continue higher look for a selling opportunity at 1268/69 with stops above 1276.

Gold

 

Interested in Gold technicals? Check out the key levels

    1. R3 1253.91
    2. R2 1253.81
    3. R1 1253.61
  1. PP 1253.51
    1. S1 1253.31
    2. S2 1253.21
    3. S3 1253.01

 

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