Gold awaits the breach – Analysis - 28-06-2016

Gold price continues to fluctuate around the key resistance level that rises now to 1331.00, waiting to breach this level to confirm extending the bullish wave towards 1400.00 barrier as a next main station, noting that that the EMA50 keeps supporting the price from below, which encourage us to continue suggesting the bullish trend in the upcoming sessions.

We remind you that holding above 1303.58 level represents key condition to continue the expected rise, as breaking this level represents negative factor that will push the price to decline towards 1205.80 areas before any new attempt to rise.

Expected trading range for today is between 1300.00 support and 1360.00 resistance.

Expected trend for today: Bullish