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6/22/2015 3:22:56 AM

Gold - Technical Analysis: Monday, 22/06/2015 07:22 GMT



Gold price completed forming an inverted head and shoulders’ pattern that pushed trading upwards, and it fluctuates now around the previously broken support line in attempt to hold above it.

The exponential moving averages 50 and 100 provide positive support to the price now, reinforcing the chances of achieving more rise, while stochastic gains positive momentum gradually.

Breaching 1224.00 level will form the strongest positive factor to push the price to achieve more gains.


Target
Risk


Support
Resistance


Trend Bullish

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