Gold Technical analysis 19 June 2018
2018-06-19 12:59 am | Resource: Technical Analysis | No Views : 113
Technical Analysis
Time frame Used - four hours
Gold is moving in a bearish direction in the near term

The selling force managed to control the movement of gold to breach the level of 1295 down to reach the level of 1275 trying to consolidate above the downtrend line
In view of the technical indicators
Both the RSI and the Stochastic are indicating signs of recovery
Therefore, we expect that the gold will target the level of 1288 again, which will breach above to target the level of 1295
The alternative scenario is that the gold fall to levels of 1266-1254
Resistance: 1275 - 1266 - 1254
Support: 1281 - 1288 - 1295
Direction: Down
Technical Analysis
Commodities Analysis
Bitcoin News
Gold is moving in a bearish direction in the near term

The selling force managed to control the movement of gold to breach the level of 1295 down to reach the level of 1275 trying to consolidate above the downtrend line
In view of the technical indicators
Both the RSI and the Stochastic are indicating signs of recovery
Therefore, we expect that the gold will target the level of 1288 again, which will breach above to target the level of 1295
The alternative scenario is that the gold fall to levels of 1266-1254
Resistance: 1275 - 1266 - 1254
Support: 1281 - 1288 - 1295
Direction: Down
Technical Analysis
Commodities Analysis
Bitcoin News
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