- Your Bullion Trading Specialist
Daily Chart Analysis
Fed resolution issued this week
2020/6/9
Gold price is supported by the Fed’s expectations
2020/6/10
1. Short-term resistance line has formed.
| Resistance / Support | Remarks | ||
|---|---|---|---|
| Resistance 3 | 17４0 | Previous high | |
| Resistance 2 | 1730 | Major resistance + Downward trendline (1) | |
| Resistance 1 | 1720-21 | Major resistance + 20 Days MA | |
| Market Price | 1716 | @ 10:43 | |
| Support 1 | 1700-04 | 50 Days MA + 1700 Major support | |
| Support 2 | 1690 | - | |
| Support 3 | 1690 | Previous low |
*Risk Warning: Trading on bullion with margin carries a high degree of risk.
