Gold Price Fails To Achieve Breakthrough
ICN.com | Jun 28, 2016 05:04AM ET
Gold price fell during the Asian session today, after failing to achieve a breakthrough above 1332.00 resistance and stability above it yesterday. In addition, signs of weakness on both RSI and ADX indicator appeared.
Weak signals that appeared on the technical indicators makes us prefer staying aside today, where trading below 1332.00 and 1303.00 will be considered unclear trends. However, we must point out that breaching 1332.00 and stability above it will bring back the positivity once again.
- Support:1303.00 – 1291.00 – 1280.00
- Resistance: 1332.00 – 1368.00 – 1407.00
Direction: Neutral, but bullish above 1332.00.
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