InstaForex - Analytics

    InstaForex

    694.50 6.50/10
    61% of positive reviews
    Real

    Gold analysis for June 06, 2016 2016-06-06

    analytics575574d84632c.png

    Show full picture

    analytics575575573b4f0.png

    Show full picture

    Since our previous analysis, gold has been moving upwards. The price tested the level of $1,248.54 in a high volume. According to the 5M time frame, I found upward pressure and successful testing of supply in a low volume. Watch for buying opportunities on dips. The trend is upward. Intraday take profit level is set at the price of $1,248.40. The second upward target is set at the price of $1,257.00.

    Daily Fibonacci pivot points:

    Resistance levels:

    R1: 1,251.10

    R2: 1,252.50

    R3: 1,254.90

    Support levels:

    S1: 1,246.30

    S2: 1,244.80

    S3: 1,242.40

    Trading recommendations for today: Be careful when selling gold and watch for buying opportunities.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree