GOLD Weekly Technical Analysis (15-19 June,2015) | June 13, 2015

Gold is staying above support level. Its bearish momentum becomes weak. So gold can can start bullish rally from this support level. Little support lies on 1176 area. Above this area, gold can go up and target will be 1188 area. We can see 100 moving average around 1187-1190 area. If any rejection or bearish candle has been formed on that level, then we can go for sell on gold.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1206

Resistance One (R1): 1195

Pivot Point: 1182

Support One (S1): 1171

Support Two (S2): 1158