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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.



Expert In



Daily analysis of gold for June 07, 2016



Gold price managed to close above 1,243.17 level yesterday. This fact represents a positive factor that supports the continuation of the bullish trend scenario on the intraday and short term basis. Additionally, this scenario gets continuous support from the EMA50 and the positive overlapping signal that is coming from stochastic now. Therefore, these factors encourage us to keep our bullish trend expectations. The next target is located at 1,303.58. However, breaking 1,228.20 and then 1,205.80 levels will invalidate the suggested positive scenario and put the price under the bearish correctional pressure. The expected trading range for today is between 1,230.00 support and 1,270.00 resistance.

The material has been provided by InstaForex Company -