YLG Bullion International

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

 

  

Gold Price Analysis on Friday 7 June 2019

 

by YLG Bullion Singapore Pte Ltd

 

Resistance Level $ 1,346 $1,357 $1,366

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

 

 

       If the gold price test resistance at 1,344-1,346 dollars per ounce But still cannot pass Which investors still have to be cautious of profit-making sales since the past period when the price of gold has increased However, if the price weakness does not fall, the short-term support zone is $ 1,326-1,324 per ounce. Assessing that it is weakening to accumulate buying power again.

 

Suggestion

      If gold price cannot stand above the area of ​​1,344-1,346 dollars per ounce Recommend gradually closing the buying status, making some profits To wait for the weakening of the price If not dropped, the support area is 1,326-1,324 dollars per ounce. Therefore consider buying short-term profits from the swing.

 

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