YLG Bullion International

10 JUNE 2019 GOLD PRICE ANALYSIS BY YLG BULLION SINGAPORE PTE LTD

 

  

Gold Price Analysis on Monday 10 June 2019

 

by YLG Bullion Singapore Pte Ltd

 

Resistance Level $ 1,348 $1,357 $1,366

– – – – – – – – – – – – – – – – – – – – –

– – – – – – – – – – – – – – – – – – – – –

Support      Level  $ 1,324 $1,311 $1,303

 

 

       Focus on speculation in the framework If the price stands above the first support zone around 1,326-1,324 dollars per ounce, the price will still have a chance to move up to test resistance at 1,348-1,357 dollars per ounce.

 

Suggestion

      Gold price is trying to build a base and try to stabilize at a high level. If the price stands above the 1,326-1,324 dollar per ounce, it may see a rebound to try to test the resistance at 1,348-1,357 dollars per ounce. But if still unable to stand above the resistance May see the shortening of the price to create a price base again.

 

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