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6/27/2017 11:35:58 PM

Gold - Technical Analysis: Tuesday, 28/06/2017 03:35 GMT



Gold price settles at the minor descending channel's resistance, and the price still below 1255.77 level, to keep the bearish trend expected for the coming period, as we are waiting to test 1231.21 level mainly, reminding you that breaking this level will push the price towards 1211.37 on the near term basis.

On the other hand, surpassing 1255.77 and settling with a daily close above it will push the price to stop the current correctional bearish pressure and head to achieve the positive targets again.


Target
Risk


Support
Resistance


Trend Bearish

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