empty
 
 
30.06.2016 05:33 PM
Daily analysis of Gold for June 30, 2016

This image is no longer relevant

Overview

The gold price showed positive trading yesterday, but it is again fluctuating with slight negativity. The price is affected by stochastic negativity shown on the four-hour time frame that is likely to get rid of this negativity and gain enough positive momentum to make the price resume the main bullish wave, which gets continuous support from the EMA50. Therefore, we still expect the bullish trend on the intraday and short-term bases conditioned by the price stability above the 1,303.58 level. A breach of 1,335.00 levels will ease the mission of heading towards our next main target at 1,400.00. The expected trading range for today is between the 1,300.00 support and the 1,360.00 resistance.
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback