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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Technical analysis of gold for May 29, 2018

Technical analysis of gold for May 29, 2018

Gold price remains supported in the short-term despite a widespread dollar’s strength. Gold remains above $1,290 and is expected to make a new move higher at least towards $1,320-30 area. This is very important confluence area of resistance. Yellow line – resistance Purple line- short-term support Green lines – targets Gold price is making higher […]

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