Gold Prices forecast for the week of June 10, 2013, Technical Analysis

By FX Empire Analyst - Christopher Lewis
Font Size
Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

The gold markets tried to rally during the previous week, but you can see for the second week in a row were pushed back in order to form a shooting star. Because of this, we are very leery about buying this market until we managed to break the top of the two consecutive shooting stars. As for selling, although this chart looks weak, we can make a significant argument for support down near the $1350 level, and as a result unless we get a pop higher, we will simply stay out of this market.



Want to read more articles like this one?

Get the latest fundamental analysis, technical analyses and the most up-to-date news catered to your interests, everyday.

* Please enter a valid email

Activation link was sent

An activation link has been sent to your E-mail.
You will start getting emails only after activating your account.

Find a Broker
Continue to FX Empire Network