Daily Forecast - 19 June 2017
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.
Interested in Gold technicals? Check out the key levels
- R3 1253.91
- R2 1253.81
- R1 1253.61
- PP 1253.51
- S1 1253.31
- S2 1253.21
- S3 1253.01
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