Daily analysis of Gold for June 15, 2017
June 15, 2017 4:21 pmVideo
Latest News
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- Analysis for the EUR/USD pair on April 17th. Jerome Powell didn’t help the dollar much April 17, 2024
- Analysis for GBP/USD pair on April 17th. British inflation overtakes American inflation April 17, 2024
- USD/JPY: Simple Trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- EUR/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: trading plan for the US session on April 17th (analysis of morning deals) April 17, 2024
- Technical Analysis – EURUSD takes a breather after sharp tumble April 17, 2024
- Market continues to price in a plethora of rate cuts for 2024 – Special Report April 17, 2024
- EUR/USD: trading plan for the US session on April 17th (analysis of morning deals) April 17, 2024
- Technical Analysis – EURGBP maintains bearish bias amid pennant formation April 17, 2024
- EUR/USD. April 17th. Jerome Powell supports the dollar April 17, 2024
Overview
The gold price bounced lower after retesting the previously broken bullish channel support, keeping the bearish trend scenario valid until now. The price is likely to test the critical support levels between 1,254.56 and 1,249.94 before attempting to rise again. It is important to note that a break of the mentioned levels will make the price suffer more losses falling to 1,229.32 as the next correctional target, while the price needs to breach 1,280.00 levels to stop the current negative pressure and regain the main bullish trend again. The expected trading range for today is between the 1,249.94 support and the 1,275.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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