YLG Bullion International

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

 

  

Gold Price Analysis on Tuesday 4 June 2019

 

by YLG Bullion Singapore Pte Ltd

 

Resistance Level $ 1,333 $1,346 $1,357

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Support      Level  $ 1,311 $1,303 $1,293

 

 

      Gold prices start to rebound every time when the price weakens. Which will cause the sales force to slow down But if the rebound is not able to rebound to test or stand above the resistance level of 1,333 dollars per ounce May cause selling pressure which will pressure the price to fall. With short-term support at 1,315-1,311 dollars per ounce.

 

Suggestion

    Focus on speculative buying if the price still stands above the support area of ​​1,315-1,311 dollars per ounce. And if the price moves up, should divide some profit if the price of gold does not pass through the zone of 1,333 dollars per ounce. But if passed, can continue to hold.

 

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