Technical analysis on Gold for June 11, 2018

Technical analysis on Gold for June 11, 2018

Gold price has broken above the medium-term trend line resistance, back tested it but still remains inside the $1,307-$1,290 trading range. We continue to be bullish on Gold, expecting at least a bounce towards $1,320-30. Yellow line – medium-term resistance Magenta lines – trading range Green line – target Gold price is trading above the […]

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Technical analysis on Gold for June 6, 2018

Technical analysis on Gold for June 6, 2018

Gold price made a strong reversal from $1,290 support towards $1,300 but price remains below the critical resistance of $1,310. Eventually I expect price to break $1,310 for a minimum move towards $1,325-30, but as long as we do not break above $1,310, the precious metal is vulnerable. Yellow line – medium-term resistance Red lines […]

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Technical analysis on Gold for June 1, 2018

Technical analysis on Gold for June 1, 2018

Gold price remains near key resistance of $1,305. Every time Gold tried to break above the resistance it got rejected. Will the NFP announcement today provide the necessary boost for a break above resistance and finally a move towards $1,320-30? I believe so. Blue horizontal line -short-term resistance Yellow line – medium-term resistance Purple line […]

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