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    Technical analysis of Gold for July 02, 2015


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    Technical outlook and chart setups:

    Gold is testing recent lows of $1,165.00/66.00 at the moment. Please note that a break below $1,165.00 would warrant a test of $1,160 and subsequently $1,143.00 threatening the bullish scenario here. It is recommended to remain long with risk at $1,150.00 but restrain yourself from taking fresh long positions now. Immediate support is seen at $1,165.00 (interim) followed by $1,160.00, $1,143.00, and lower while resistance is seen at $1,180.00 followed by $1,205.00 and higher respectively.

    Trading recommendations:

    Remain long with stop is at $1,150.00, a target is open.

    Good luck!


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