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GOLD Pulls Back from Support Zone | June 12, 2017
Gold got a restriction for its big bearish rally at 1265 support level. On the chart, we can see, Gold is near to support zone. Now, this yellow metal is trying to pull back from the support level and making bullish candle on h4. On the chart, we also see 100 ema from where gold is pulling back. So, sellers should keep away at this moment. It seems buyers are active to take control. So we must look for a buy on this metal. There is another chance to touch the resistance level again.
If support zone (1260-1265) breaks, then we can sell again for 100-300 pips. For breakout, we need a strong bearish daily or h4 candle and then we will get sell confirmation.
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