SuperTradingOnline - Analytics


517.00 5.50/10
88% of positive reviews

XAU/USD – Strong Bullish Pressures Noticed at 1192.31

The precious metal stabilized since yesterday’s trading session at 1192.31, indeed a really critical level where both bulls and bears will take their chances to shift the price in their favor.
Looking at today’s chart, June 3, 2015, the metal will most probably attempt to break once again above 1192.31 this time.
In the scenario where the buyers will overcome the sellers in trading volume, their profits could be locked either at 1206.41 and 1212.20 respectively. All stop losses could be placed at 1167.88 and 1180.32 even though this level, 1180.32, is perceived to be a powerful support area within the overall uptrend channel.

Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.

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