Gold

[zahid2016]

Since the middle of May, gold futures have traded in a consolidation pattern. Occasional breakouts have been evident during this period, but price has not been able to move directionally. The value area between 1310.0 and 1285.0 has attracted a lion share of the action.

In cases of prolonged consolidation, it is important to take a look at the big picture. Why is gold currently noncommittal and rotational? There are two basic answers:

Concerns over U.S./North Korea relations
1300.0 is a long-term benchmark for gold valuations
Monday’s historic meeting between North Korean Premier Kim Jong Un and U.S. President Donald Trump has greatly impacted global bullion markets. The run-up to this event has been a roller coaster, featuring cancellations, hostilities, and acts of goodwill. Gold pricing has mirrored the on-again-off-again theme.

“Whipsaw” market conditions have been the rule as traders are not quite sure what to think about the summit. If it succeeds, then global equities are in position to win and gold to lose. If it fails, fresh hostilities are likely to lead to a bull run in bullion.

Either way, a large number of traders are on the sidelines for now and 1300.0 seems to be a fair price.

Gold Technicals
Earlier, gold tested a key level of topside resistance and failed. Both the Daily SMA and 38% Fibonacci retracement stood tall, withstanding three distinct assaults on the 30 minute time frame.

A geopolitical event the magnitude of Monday’s summit may have any number of impacts upon bullion markets. It is truly impossible to determine the outcome. Nonetheless, we know that hostility equals uncertainty and a gold rally. If things go poorly between President Trump and Kim Jong Un, an uptrend is all but a certainty.

Today’s close may provide an opportunity to play a breakout above daily resistance early next week. Depending on settlement, a break above the 1305.0 handle may be in the cards for Monday. Be sure to check out the Comments section below over the weekend for details on how to play the breakout in the event it sets up.

[00923027642346]

urrent trend jo hai woh upward trend pe hai aur jab target hai 1254 agar price niche ki aur gaya toh lowest point hai iska 1236, breaking the trend turn to the downside targeting 1331 then 1625

[sufiyan22]

bhai gold ot abhi dead paa hn aur ye dead ni samjho becoz ye tofan se ane ke pehle ki khamosi hn e13 june ko big data hn jo wednesday ko hn aur umeed hn osme usd hike oga measn ek gold bohat down ja sakta hn

[Joon1]

The trading rang for today is among the major support @ 1298 and the key of resistance @ 1311.
The general over short term basis is to the upside targeting 1311 as far as area of 1300

[FOREXBOY]

jese ki mene phle hi btaya hai gold long term meh 1286 ko test kar skta hai aj market sideways trend m rha , or next week market down ja skta hai, isme trader short term trading or long term trade bhi le skte hai , upside me jake sell trade le skte hai final target 1286 ko test kar skta hai oos se down gya toh 1280 ko bhi touch kar skta hai.

[qasimm]

gold aj ki price men kafi down ja raha is time ke price 1296.15 aur mere analysis k hesab se ye aj ki price men kafi up level tak jaega 1308.32 is price tak aur normal price 1301.11 ye rahege aj ke

[lal765]

gold maximum price 1306.88 and minimum 1288.33
Support Level 1 : 1298.55 Weekly R3 : 1292.33 Monthly
Support Level 2 : 1302.22 Short term R2 : 1290.11 Short term
Support Level 3 : 1304.77 Monthly R1 : 1288.22 Weekly
**************************** Trend : buy *********************************

[FOREXBOY]

gold yha se down ja skta hai 1286 tak ,kafi strong resistance level hai jo ki bar bar deny ho rha hai toh yha se market long trend bhi le skti hai downward side. ek ache risk and reward ratio k sath trade open kari ja skti hai. abhi market 1300 k level pe hai or kafi sideways movement ho rhi hai last 2-3 weeks se.

[lal765]

gold maximum price 1318.99 and minimum 1288.66
Support Level 1 : 1300.88 Weekly R3 : 1294.55 Monthly
Support Level 2 : 1304.44 Short term R2 : 1290.77 Short term
Support Level 3 : 1312.22 Monthly R1 : 1288.11 Weekly
**************************** Trend : buy *********************************

[FOREXBOY]

gold market kuch weeks se sideways trend me chal rha hai koi strong trend nahi hai , na hi upward or na hi downtrend , or sideways trend meh with the help of good take profit and stop loss , ek achi strategy k sath kafi scalping kari ja skti hai , or open order k sath bina stop loss k sath bhi trade li ja skti hai , market next week 12 jun tak sideways hi rhega, next target 1303 level hai.