empty
 
 
24.06.2016 06:37 PM
Daily analysis of Gold for June 24, 2016

This image is no longer relevant

Overview

The gold price traded with slight negativity yesterday, approaching gradually from our awaited target at 1,243.17. We remind you that the current decline is temporary and the price is likely to rebound bullishly resuming the main bullish trend, supported by stochastic reaching the oversold areas' thresholds. Therefore, we still forecast bearish bias on the intraday basis, noting that a break of the 1,243.17 level will put the price under more negative pressure that will lead the price to 1,205.80; while a breach of 1,278.00 represents a positive factor that will allow the price to regain the main bullish track. The expected trading range for today is between the 1,243.17 support and the 1,280.00 resistance.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback