GOLD Weekly Analysis (29 June - 3 July, 2015) | June 28, 2015

Gold has fallen from ranging zone as we suggested on our previous weekly analysis. Now gold is staying on support level. This level is good buy zone for gold. On daily chart, we can see bullish pin bar candle. This is sign for bullish movement on gold. On Monday, if we find bullish sign on h1 or h4 time frame, then we can go for buy on gold. Next target will be 1200 level for gold.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1216

Resistance One (R1): 1196

Pivot Point: 1182

Support One (S1): 1162

Support Two (S2): 1148