Gold Prices June 9, 2016, Technical Analysis

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Gold Prices June 9, 2016, Technical Analysis

Gold markets rallied during the day on Wednesday, breaking the top of the hammer from Tuesday, and more and poorly breaking above the $1250 level which was resistance. With that being the case, looks as if the market is going to continue to try to grind higher, and we believe that $1300 will be the target overall. There is a lot of noise above though, so expect short-term pullbacks from time to time but it appears that the buyers have taken control yet again when it comes to gold, and should continue to push this market to the upside.

Courtesy: http://www.fxempire.com/technical/technical-analysis-reports/gold-prices-june-9-2016-technical-analysis-342883

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