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GOLD looks for 1300 Resistance | June 7, 2017



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On the chart, we can see Gold has touched its resistance at 1295 level. Now it is still below the resistance. If it breaks the resistance zone, gold can fly more toward 1300 level. It needs some bullish power to break this. As this yellow metal is full of bullish trend, we can get more bullish movement soon. 

At this moment.gold is on an uptrend. We can't see any bearish confirmation on the chart. So it is better to stay in the bullish mode and buy from every retrace. 

Support level: 1278, 1284

Resistance Level: 1295, 1300, 1305

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