Gold (Q-17) Mid-day Analysis 22 June 2017

Further Advance

Our Pivot: 1241.5

Our Preference: Buy above 1249.5 with strict stop loss of 1241.5 and target at 1262.0 and 1266.0.

Alternate Scenario: Downward penetration of 1241.5 will call for 1233.0.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances