YLG Bullion International

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

 

  

Gold Price Analysis on Tuesday 11 June 2019

 

by YLG Bullion Singapore Pte Ltd

 

Resistance Level $ 1,337 $1,348 $1,357

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

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

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

 

 

       Gold price has weakened after the rebound near 1,348 dollars per ounce. Preliminary, there is a short-term resistance at 1,337 dollars per ounce If not able to pass the first resistance Estimated that the selling pressure will push the price down to close to $ 1,324 per ounce again.

 

Suggestion

      Consider the zone 1,337-1,348 dollars per ounce to open the sale status. While buying positions need to wait to weaken to near the support level at 1,324-1,311 dollars per ounce. Which will be short-term speculation only.

 

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