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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



Gold analysis for June 13, 2016


Since our previous analysis, gold has been moving upwards. As I expected, the price tested the level of $1,286.37 in a high volume. The trend is upward. According to the 30M time frame, I found a successful testing of supply in a low volume at the price of $1,279.30. Watch for buying opportunities on dips. The price successfully tested 20EMA and I am expecting further upward continuation. The take profit level is set at the price of $1,302.30.

Daily Fibonacci pivot points:

Resistance levels:

R1: 1,281.05

R2: 1,282.25

R3: 1,284.10

Support levels:

S1: 1,277.25

S2: 1,276.00

S3: 1,274.10

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

The material has been provided by InstaForex Company -