Forex Technical Analysis, Gold Daily Forecast June 2, 2016
Gold – markets initially tried to rally during the day on Wednesday, but turned right back around to form a shooting star. Because of this, it appears that the market is trying to break down and deal with the $1200 level. If we can break below there, the market should then continue to go even lower. At this point in time though, it’s probably easier to buy this market then sell it, but we need to see a move above the $1220 level in order to do so. Choppiness will more than likely be a feature in this market.