Gold Forex Technical Analysis for June 8 2016

0
296

Gold Forex Technical Analysis for June 8 2016

Gold markets initially fell during the course of the session on Tuesday, but turned around to form a bit of a hammer. It now looks as if the $1240 level is going to offer enough support to have buyers reenter the market, and on a break above the $1250 level we should continue to go much higher, and enter a “buy-and-hold” type of situation. The market should eventually reach towards the $1300 level, but it is going to take a significant amount of time to get there in my estimation as there is so much noise above.

Courtesy :http://www.fxempire.com/technical/technical-analysis-reports/gold-prices-june-8-2016-technical-analysis-342621

NO COMMENTS