Gold breaches the resistance – Analysis - 26-06-2017
Economies.com
2017-06-26 03:38AM UTC
Gold price ended last week trading above 1254.56 level, which stops the correctional bearish pressure and push the price to regain its main bullish track again, waiting to resume the bullish trend that its next main target located at 1295.37.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the suggested bullish bias, taking into consideration that breaking 1254.56 level will put the price under the correctional bearish pressure again, to head towards testing 1229.32 areas mainly.
Expected trading range for today is between 1240.00 support and 1270.00 resistance.
Expected trend for today: Bullish
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