Gold Prices Forecast June 19, 2015, Technical Analysis

Gold markets rose during the course of the session on Thursday, breaking above the $1190 level that was previously resistance. With this, the market tested the $1200 level, and we believe that pullbacks should offer buying opportunities offer short-term charts. The US Dollar Index continues to fall overall, and that should continue to push the gold markets higher. However, we believe that it will be choppy going higher anyway, so you will have to be able to hang onto volatility going forward. Nonetheless though, we have no interest whatsoever in selling this market.