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Main » 2016 » June » 24 » Forex. Gold XAU / USD forecast for today 24/06/2016
01:08
Forex. Gold XAU / USD forecast for today 24/06/2016

 

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The precious metal was trading near two-week lows. At yesterday's auction tool to wait until the end of the referendum in the UK.

 

 


Current situation

Gold continued trading in a flat, remaining near the levels achieved. Quotes of gold spent the day in a range bound by 1260 and 1270. Resistance is located at the level of 1280, and in 1260 support.


The MACD is in the negative zone. The histogram is stagnant. If the histogram will remain in the negative zone, the price decline will continue. RSI Oscillator is close to oversold territory. If the light is come into the area, the price decline will continue. Price broke through the 50 moving average and stopped near the 100 moving average moving averages are moving horizontally.

 

Forecast exchange rate Gold (gold) of today

The price of gold may rise to resistance in 1280. However, it is possible decrease in quotations in the region in 1260.

 

 

 

Source Fort Financial Services

 

 

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