0618-XAUUSD Analysis

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar

Gold fulfill 0.618 retracement and hold on
1333 price which is relative support level in Monday market.

As consequence, we can anticipate gold may challenge 1350 level or to reach new high, moreover, 1347~1350 will be the obstacle that gold need to break through.

Consider long around at 1343 when Euro market open may have an opportunity, once gold can rise over 1350 then 1353 would be close to see.

Support: 1343 / 1339
Resistance: 1347 / 1350
Leave us a comment on our newest post aswell mate :) good setup
KENJICHEN DACapitalTrading
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