FX.co ★ Analysis of Gold for June 26, 2018

Recently, Gold has been trading downwards. The price tested the level $1,257.31. According to the H1 time - frame, I found strong selling pressure and a breakout of the support at the price of $1,262.50, which is a sign that sellers are in control. My advice is to watch for potential selling opportunities. The downward targets are set at the price of $1,250.40, $1,26.25 and at the price of $1,236.25.

Resistance levels: R1: $1,272.65R2: $1,277.75R3: $1,281.05

Support levels: S1: $1,264.25S2: $1,260.90S3: $1,255.85

Trading recommendations for today: watch for potential selling opportunities.