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FX.co ★ Daily analysis of Gold for June 05, 2018

Daily analysis of Gold for June 05, 2018

Daily analysis of Gold for June 05, 2018

Overview

Gold is trading mainly sideways in a tight range until now. I prefer to keep the bearish scenario valid for today. This outlook is supported by the EMA50, depending on the price stability below $1,301.20 level. I expect to target $1,285.90 followed by $1,267.00 as next main stations. The expected trading range for today is between $1,275.00 support and $1,305.00 resistance.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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