GOLD Weekly Technical Analysis (22-26 June, 2015) | June 21, 2015

Gold was on bullish mode last week. Now it is on ranging mode on h1 time frame. We can wait for breakout for finding next trend. On daily chart, gold is facing 100 and 200 moving average. So it can be good resistance for gold. If gold stay below this moving averages, then we should stay on sell side on gold. If gold break this MA, then we need to go for buy on gold.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1226

Resistance One (R1): 1213

Pivot Point: 1192

Support One (S1): 1179

Support Two (S2): 1158