GOLD Weekly Technical Analysis (6-10 July, 2015) | July 4, 2015

Gold has formed pin bar on important support level. On the chart, we can see that gold is following a downward trend line. This pin bar suggest buying pressure on this pair. We can see bullish movement on next week. Next support for gold lies on 1140 area. If we find gold on 1140 area, then we can find bullish entry from 1140 level. Target for buy entry will be 1200 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1202

Resistance One (R1): 1185

Pivot Point: 1171

Support One (S1): 1154

Support Two (S2): 1140