Technical analysis of gold for June 13, 2014 Trend News

Traders are waiting for the PPI and core PPI data. We expect both indexes to be upbeat. The USD index is trading at 80.57 levels. The price is taking support at 80.50, below this, 80.44 is the strong support levels. Once breaking below this, the index can drop to 80.25 and 80 levels. On the other hand, it has strong resistance at 80.61 levels. Crossing above that, the index can fly up to 80.67, 80.74, 80.85, 80.90 and 81 levels.

On an intraday basis, sell below 80.27 and buy above 80.61. is recommended

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Technical analysis of USD/CHF for June 13, 2014 Trend News

USD/CHF

Short-term view-

The pair has been in an uptrend from 0.87 levels. It paused its rally at 50-week SMA. Yesterday and today, the pair is holding the 21-week EMA. The trading pattern is framed between 0.8919-0.9042 levels. The pair will extend its leg once it comes out of the range. If it breaches the upside resistance at 50-week SMA, it can fly up to 0.9082, 0.9157 and 0.9250 levels in the next couple of weeks. This view will be activated only above 0.9038 levels. On the down side, if the pair breaks the 21-week EMA, it can drop to 0.8898, the immediate support selling pressure will take place below this, for 0.8859, 0.8830 and 0.87 levels.

Buy above 0.9038. Sell below 0.8898.

Intraday-

The pair is taking support at 50-hour SMA. Once the pair breaks 0.8970, traders can enter selling side. On the down side, the support levels are at 0.8956, 0.8938, 0.8925 and 0.89 levels.

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Review of crude oil for June 13, 2014 Trend News

Oil price rushed to a 9-month high amid concerns in Iraq. In yesterday's session, it spiked and gave a fresh upside breakout close above the multi-year trading range, its a highly bullish note for oil. Currently the oil is trading at 107.30 levels. It made a high at 107.67 levels in Asia's session and still boiling to breach the previous swing high at 110.55 with intermediate resistance at 107.71 and 108.25 levels.Those who missed the bus at 105.25 levels, can enter at 108.25 for 110.55 levels.

On the down side, the support exist at 105.70 and 105 levels. Bulls need to worry only if the price slices below 103.50 levels.

Risky traders can short until it breaches the 108.20. The hourly momentum indicators favors to a small correction towards 106.30 and 105, and 105.70 levels.

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Technical analysis of gold for June 13, 2014 Trend News

GOLD

Review- Gold slowly moved to 2-week high amid Iraq violence. The concerns in Iraq brought the yellow metal to the green light. We recommended to buy (June 09 article) the yellow metal for targets at 1,260, 1,268, 1,273.80, 1,278.50 and 1,288 levels with sl 1,240. We requested traders to book profits here at cmp 1,273 levels.

Weekly analysis-

Currently the pair is facing resistance at the 38.2 fib level in the weekly chart. On the upside, the metal will have a rough road ahead between $1,277.40 -$1,278.50. Above $1,278.50, it can travel up to $1,283, $1,284.70, $1,289.60 and $1,296.50 levels. In the weekly chart, the metal is making a bullish wedge pattern. If this week, the metal breaches the upper trend line, it can give an upside breakout for $1,296 levels.

For an intraday basis, the metal is trading at $1,272.40 in Asia's trading session. It is facing strong resistance at 200-hour EMA at $1,275 levels. Risky traders can go short with sl $1,278.50, selling zone at cmp and some more up at $1,275-$1,277.50. This view involves high risks under the current circumstances. Safe trades can sell below $1,268 levels. If the metal breaches the upside resistance at $1,278.50, traders can buy for $1,284.50-$1,286 levels. The hourly momentum oscillators favor limited upside.

On the downside, the selling will become double below $1,268, it can drift up to $1,264, $1,262 and $1,260.

NOTE-

Risky traders- sell at cmp $1,272.50 for targets at $1,268, $1,264, $1,262 and $1,260.

Safe traders- Sell below $1,268.

Buy above $1,278.50 for targets at $1,284.50 and $1,286 (intraday).

Buy above $1,278.50 with targets at $1,284.50, $1,286, $1,289.60, and $1,296.50 levels (positional).

Adopt a strategy and please trade safe.

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Technical analysis of EUR/USD for June 13, 2014 Trend News

When the European market opens, some economic news will be released such as French Final Non-Farm Payrolls q/q, German Final CPI m/m, Employment Change q/q, Trade Balance. The US will release the economic data too such as the PPI m/m, Core PPI m/m, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations, so amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY's TECHNICAL LEVELS:

Breakout BUY Level: 1.3615.

Strong Resistance:1.3607.

Original Resistance: 1.3594.

Inner Sell Area: 1.3581.

Target Inner Area: 1.3549.

Inner Buy Area: 1.3517.

Original Support: 1.3504.

Strong Support: 1.3491.

Breakout SELL Level: 1.3483. DESCRIPTION:

Today EUR/USD has support and resistance at 1.3504 and 1.3594. The rate is accompanied by strong support at 1.3491 and by 1.3607 as strong resistance.

If EUR/USD breaks out and closes below the 1.3483 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3615 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.3517 and at 1.3581, a SELL position. In this case both targets should be placed at the level of 1.3549. Best regards, Arief Makmur Official Analyst of InstaForexGroup InstaForex Group http://instaforex.com email: Arief.jakarta@indo.instaforex.com For more analysis go to: blog.mt5.com/arief My Profile: http://www.mt5.com/forex_analysis_award/profile/index/arief

Disclaimer:
Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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Technical analysis of USD/JPY for June 13, 2014 Trend News

In Asia, Japan will release the Monetary Policy Statement, Revised Industrial Production m/m, BOJ Press Conference and the US will release some economic data such as PPI m/m, Core PPI m/m, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations. So there is a big probability the USD/JPY will move with low to medium volatility during this day.

TODAY's TECHNICAL LEVELS:

Resistance. 3: 102.30.

Resistance. 2: 102.09.

Resistance. 1: 101.90.

Support. 1: 101.65.

Support. 2: 101.45.

Support. 3: 101.25. DESCRIPTION:

Please, pay attention to the levels of support 3 (101.25) and resistance 3 (102.30). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.

Best regards, Arief Makmur Official Analyst of InstaForexGroup InstaForex Group http://instaforex.com email: Arief.jakarta@indo.instaforex.com For more analysis go to: blog.mt5.com/arief My Profile: http://www.mt5.com/forex_analysis_award/profile/index/arief

Disclaimer:
Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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Daily analysis of USDX for June 13, 2014 Trend News

Daily chart: The USDX has had a significant drop to the support level of 80.62, where the USDX is trying to make a breakout to continue falling to 200 SMA; however, USDX is likely to make a bullish rebound at the current levels, but it seems that the USDX is encountering strong resistance at current levels. The MACD indicator is in the overbought zone.

H4 chart: The USDX has found support at the 80.60 level and now the USDX is trying to make a breakout at that level. If successful, it is expected to fall to a support level of 80.34. However, if the USDX does make a bullish breakout at the trend line, it is expected to rise again to the resistance level of 81.02. The MACD indicator is in negative territory.

H1 chart: The USDX had a fall to the support level of 80.59, where the USDX is trying to make a breakout to fall to the level of 80.35. However, if the USDX makes a bullish rebound at current levels, it is expected to rise to the resistance level of 80.73, which would be a bullish consolidation. The MACD indicator is in negative territory.

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the USD Index breaks with a bearish candlestick; the support level is at 80.59, take profit is at 80.35, and stop loss is at 80.83.

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Daily analysis of GBP/USD for June 13, 2014 Trend News

Daily chart: GBP/USD has made a breakout again at the resistance level of 1.6851 and now this pair is trying to climb to the resistance level of 1.7000. This bullish momentum in GBP/USD could last for several more days, because this pair is trying to consolidate above the support level of 1.6851. The MACD indicator is in positive territory.

H4 chart: This pair is now trying to consolidate above the resistance level of 1.6920, after the GBP/USD has had a bullish momentum from the support level of 1.6822, which is close to the 200 SMA. If the GBP/USD make a breakout at the resistance level, it's expected to rise to the level of 1.69995. The MACD indicator is in positive territory.

H1 chart: The GBP/USD is trying to form a bullish pattern above the support level of 1.6900, so that next target for this pair is the resistance level of 1.6950. If GBP/USD manages to make a breakout at that level, it would be expected to rise to the level of 1.7000. The MACD indicator is in positive territory.

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.6950, take profit is at 1.7000, and stop loss is at 1.6900.

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Technical analysis of GBP/USD for June 13, 2014 Trend News

Trading recommandations :

• According to the previous events, the price of GBP/USD pair has still been trapped between 1.6866 and 1.6955. The minor resistance has set at the level of 1.6960. The level of 1.6991 is representing strong resistance today (June 13, 2014). Also, it should be noted that the price of 1.6991 is coinciding with the ratio of 100% Fibonacci retracement levels. So, the market is going to call in uptrend for that the trend will try to break the resistances (1.6960 - 1.6991). Therefore, buy above the level of 1.6870 in the long term with the first target of 1.6960, it might resume to 1.6991 if the trend is able to break the minor resistance at 1.6956.

Intraday technical levels :

Date: 13/06/2014

Pair: GBP/USD

• Projected high: 1.7160


• Breakout (buy stop): 1.7105


• Strong resistance (sell limit): 1.7075


• Current pivot: 1.6858


• Strong support (Buy limit): 1.6640


• Breakout (lell Stop): 1.6615


• Projected low: 1.6565

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Technical analysis of EUR/USD for June 13, 2014 Trend News

Overview :

• The major resistance of EUR/USD has set at the level of 1.3685. Before, the level of 1.3685 was representing strong support but the support was broken and turned to resistance. Therefore, the pair has already formed strong resistance at 1.3685. Equally important, after it could not close above 1.3711 (the weekly resistance 1) and the pair started signing bearish market at this level. Also, this level is coinciding the ratio of 38.2% Fibonacci retracement levels in H4 chart. Consequently, the EUR/USD pair will have a downside momentum rather convincing and the structure of the fall does not look corrective. Then, the market will indicate a bearish opportunity below the level of 1.3711 for that it will be a good sign to sell below 1.3711 with the first target of 1.3605 and it will call for downtrend in order to continue bearish towards 1.3504 (the double bottom).

Notes :

• The price is going to move between 1.3660 and 1.3563.


• The RSI is calling for downtrend.


• We expect a range of 63 pips to 75 pips on June 13, 2014.

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Technical analysis of USD/JPY for June 121, 2014 Trend News

Overview:

USD/JPY is expected to trade in a lower range. It is undermined by the unwinding of JPY-funded carry trades amid increased risk aversion (VIX fear gauge rose 5.55% to 11.6) as U.S. stocks fell overnight (S&P 500 off 0.35%) after the World Bank cut its global economic growth forecast for 2014 to 2.8% from its 3.2% forecast in January. USD/JPY is also influenced by Japan's export sales and lower shorter-term U.S. Treasury yields. But USD/JPY losses tempered by demand from Japanese importers.

Technical comment:

Daily chart is mixed as MACD is bullish, but stochastics is falling from the overbought zone.

Trading recommendation:
The pair is trading below its pivot point. It is likely to trade in a lower range as far as it remains below its pivot point. Short position is recommended with the first target at 101.80. A breach of this target will move the pair further downwards to 101.70. The pivot point stands at 102.20. In case the price moves in the opposite direction and bounces back from the support level, and then it moves above its pivot point. It is likely to move further to the upside. In that scenario, a long position is recommended with the first target at 102.40 and the second target at 102.60.

Resistance levels:

102.40

102.60

102.80

Support levels:

101.80

101.70

101.50

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Technical analysis of USD/CHF for June 12, 2014 Trend News

Overview:

USD/CHF is expected to consolidate with bullish bias after hitting four-day high at 0.9011 on Wednesday. It is supported by the dovish Swiss National Bank's monetary policy stance and franc sales on soft CHF/JPY cross. But USD/CHF upside is limited by the franc demand on soft EUR/CHF cross. Daily chart is mixed as MACD is in the bearish mode, but stochastics is turned bullish.

Trading recommendation:

The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As far as the price is above its pivot point, a long position is recommended with the first target at 0.9015 and the second target at 0.9035. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 0.8940. A breach of this target will push the pair further downwards and one may expect the second target at 0.8905. The pivot point is at 0.8965.

Resistance levels:

0.9015

0.9035

0.9085

Support levels:

0.8940

0.8905

0.8875

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Technical analysis of GBPJPY for June 12, 2014 Trend News

Overview:

GBP/JPY is expected to consolidate with a bearish bias. It is undermined by the increased investor risk aversion, weak euro sentiment, and Japan export sales. But GBP/JPY losses are tempered by the demand from Japanese importers. Daily chart is negative-biased as stochastics is bearish, MACD histogram bars are turning negative, five-day moving average is falling below 15-day MA.

Trading recommendation:
The pair is trading below its pivot point. It is likely to trade in a lower range as far as it remains below its pivot point. Short position is recommended with the first target at 170.70. A breach of this target will move the pair further downwards to 170.30. The pivot point stands at 171.55. In case the price moves in the opposite direction and bounces back from the support level, and then it moves above its pivot point. It is likely to move further to the upside. In that scenario, a long position is recommended with the first target at 171.90 and the second target at 172.35.

Resistance levels:

171.90

172.35

172.75

Support levels:

170.70

170.30

170

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EUR/NZD analysis for June 12, 2014 Trend News

Overview:

Since our previous analysis, the EUR/NZD pair has been trading downwards, as we expected, the price tested the level of 1.5562 on on ultra high volume (selling climax) according to the daily chart. According to the 4H timeframe, we can observe selling climax in the background, so selling at this stage looks risky. Since our Fibonacci expansion 100% at the price of 1.5665 got broken, we may see possible testing the level of 1.5335. Watch for selling opportunities after retracement.

Daily pivot Fibonacci points:

Resistance levels:

R1: 1.5875

R2: 1.5901

R3: 1.5942

Support levels:

S1: 1.5792

S2: 1.5766

S3: 1.5724

Trading recommendation: Be careful with buying the EUR/NZD pair and watch for selling opportunities after retracement

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Gold analysis for June 12, 2014 Trend News

Overview:

Since our last analysis, gold has been trading upwards, as we expected, the price tested the level of 1,267.71. As you can see in the graph, the price tested our resistance (swing low like resistance). We must wait to see what will happen around our resistance level, if the price breaks the level of 1,268.50 we may see possible testing the level of 1,273.50 (swing low like resistance). According to the 4H timeframe, we can observe demand on very high volume, which is a sign that selling still looks very risky.

Daily pivot Fibonacci points:

Resistance levels:

R1: 1,264.43

R2: 1,266.23

R3: 1,269.13

Support levels:

S1: 1,258.63

S2: 1,256.83

S3: 1,253.93

Trading recommendation: Be careful with selling since we got buying pressure with high volume on the market.

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Daily analysis of Silver for June 12, 2014 Trend News

Overview

From the today's H4 chart, yesterday the metal failed to break the Support level of 19.00 to bounce again from it and trade between the Support level of 19.20 and the Resistance level of 19.50. Currently, the metal is approaching the Resistance level of 19.50. Therefore, we should wait for closing above to continue its upward trend move. Given that the metal has managed to close 4H above today, this gives us a good opportunity for more bullish signals above it with the first target few pips below the Resistance level of 19.75, then the second target 20.00 after breaking this Support level. But as long as silver is trading below 19.50, waiting would be prefered in that case and cancels the bullish move scenario.

Resistance and support levels: R3 (20.00), R2 (19.75), R1 (19.50), S1 (19.20), S2 (19.00), S3(18.60)

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Daily analysis of GBP/JPY for June 12, 2014 Trend News

Overview

As it was expected yesterday, the pair reversed its downward move taking an upward move to the Support level of 171.00 after its failure to break it yesterday. Today and as shown in the H4 chart, the pair bounced from the Support area breaking the Resistance level of 171.50, and currently it is approaching the Resistance level of 172.00 trying to break it through to continue its bullish move which means more buy-signals. So we should wait till the price closes above the Resistance level of 172.00, before making a decision to have a bullish signal with the first target a few pips below the next Resistance level of 172.50. But closing below the Resistance level of 172.00 cancels the bullish move scenario.

Resistance and Support levels: R3 (173.00), R2(172.50), R1(172.00), S1(171.50), S2 (171.00), S3(170.50).

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Elliott wave analysis of EUR/NZD for June 12, 2014 Trend News

Today's Support and Resistance levels:

R3: 1.5795

R2: 1.5726

R1: 1.5661

Current spot: 1.5635

S1: 1.5584

S2: 1.5550

S3: 1.5500

Technical summary:

The break below 1.5744 has triggered a medium-term recount. The rally from the early August 2012 low at 1.4966 to 1.7274 has clearly been in three waves, but the continued downside pressure from the 1.7274 high indicates that a flat correction should be expected. This would call for a continuation lower close to the 1.4966 low. We do not have to test the low to call it a flat correction, but we should at least see a decline to 1.5229 and perhaps even lower to 1.4966 before this decline is over.

In the short term, we should expect a minor low near 1.5550 for a correction towards 1.5765 and then lower again towards 1.5229 and maybe even 1.4966.

Trading recommendation:

Our stop at 1.5740 was hit for a loss. We will stay neutral for now awaiting better opportunities.

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Elliott Wave analysis of EUR/JPY for June 12, 2014 Trend News

Today's Support and Resistance levels:

R3: 139.18

R2: 138.74

R1: 138.33

Current spot: 138.04

S1: 137.88

S2: 137.76

S3: 137.51

Technical summary:

Even though we have broken slightly below 137.97, we still think that a bottom is close by for rally higher towards at least 140.01 and likely higher towards 141.10 to end wave (c) of the triangle consolidation. However, a break above minor resistance at 138.34 is needed to indicate that the bottom of wave (b) is in place for the rally towards 140.01. In the short term we could see a continuation slightly lower towards 137.76 and maybe even lower towards 137.51, but the downside should be limited from here.

Trading receommendation:

Our stop at 137.90 was hit for a loss. We will place a EUR-buy order at 138.40.

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#USDX technical analysis for June 12, 2014 Trend News

The Dollar index was expected yesterday to reverse lower from the 78.6% retracement at 80.85. This is what happened but the decline did not push price much lower. The Dollar index has found short-term support at the top of the Ichimoku cloud at 80.70.

The Dollar index has made a small pull back and it is now heading again towards the 80.85 resistance. If the 80.90 level is broken upwards, I expect a new high towards 81.10-.20 to be made. If price falls below the 80.65 support, I expect the Dollar index price to move below the short-term Ichimoku cloud towards the 80.25 level.

The Dollar index is at a strong resistance level. Bulls have more to lose at this level than bears. I'm bearish as long as price is below 80.90-81. My target of the pull back is at 80. I expect the daily pattern to reach the Ichimoku top level support at 80.

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Gold technical analysis for June 12, 2014 Trend News

Gold price remains on track of our bullish target near $1,277 where the 61.8% Fibonacci retracement is. Gold price is making higher highs and higher lows. Short-term trend is up. Price is fighting to break out of the Ichimoku cloud. Our first target of $1,264 has been met. I now expect to see Gold price higher as long as it remains above $1,250.

Gold price has paused its rise at the 38% retracement. This short-term resistance should break today because if it doesn't, this will be a sign of weakness. The blue upward sloping trend line is also important support that should hold if bulls want to see Gold approach $1,280.

Our long-term plan remains valid. Gold is slowly but steadily rising towards the Ichimoku cloud resistance at the $1,280-90 area. This is important resistance and I expect Gold price to reach that level. Important support is at $1,240. If broken we should expect Gold price to challenge $1,200 and why not $1,180. For now I remain short-term bullish targeting $1,280 at least. Long-term view remains bearish, expecting a move towards $1,330 and then new lows towards $1,000.

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Technical analysis of EUR/JPY for June 12, 2014 Trend News

General overview for 12/06 2014 09:30 CET

The big irregular flat correction in wave B black finally looks completed and now the market is in a critical stage. To confirm my outlook, the price must break above the key level of supply breakthrough zone between the levels of 138.49 - 13858 in impulsive fashion. Otherwise the corrective cycle might get even more complex and time consuming. On the other hand, any break below the recent swing low and WS3 support at the level of 137.81 in bearish and the current main count will be invalidated. I would like to remind all traders that this count anticipated the possible wave 4 triangle pattern on higher time frames, and a failure to confirm the pattern on lower time frames means more dynamic, impassive wave progression to the downside will develop. Please trade with caution.

Support/Resistance:

137.81 - WS3

138.08 - Intraday Support

138.24 - WS2

138.29 - Intraday Resistance

138.49 - 138.59 - Key Level

139.15 - WS1

Trading recommendations:

Daytraders should consider opening buy orders from current price levels with SL below the level of 138.81 and TP at the level of 138.50 with a possible upside extension to the level of 138.74 and beyond.

The material has been provided by InstaForex Company - www.instaforex.com



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Technical analysis of USD/CAD for June 12, 2014 Trend News

General overview for 12/06 2014 09:00 CET

The complex corrective cycle in wave (ii) green looks completed and the price should now start the upward wave progression. The first level of resistance is old WS1 at the level of 1.0868 and if this level is broken, then intraday resistance should be tested at the level of 1.0888. Please notice that the price is still moving inside of the golden corrective channel and only a breakout outside this channel will ignite more bullish momentum. Positive divergence on momentum oscillator supports the view.

Support/Resistance:

1.0857 - Intraday Support

1.0868 - WS1

1.0888 - Intraday Resistance

1.0903 - Technical Resistance

1.0914 - Weekly Pivot

Trading recommendations:

Daytraders should consider opening buy orders from current price levels with SL below the level of 1.0855 and TP at the level of 1.0868 with a possible upside extension.

The material has been provided by InstaForex Company - www.instaforex.com



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Technical analysis of Silver for June 12, 2014 Trend News

Technical recommendations and chart setups:

1. Silver seems to be nearing resistance around $19.40/50 levels. Please note that fibonacci 0.618 resistance is passing through $19.47/50 levels and a bearish reaction could be expected if prices manage to reach there. Recommendations are to remain flat for now and look to sell higher.

2. Support is seen at $18.60 (interim), followed by $18.20, and lower while resistance is seen at $19.90/20 levels, followed by $20.40, $21.70 and higher respectively.

3. The structure indicates that Silver would be bearish till prices stay below $19.90/20.00 levels.

Trading recommendations:

Remain flat for now. Look to sell higher.

Good luck!

The material has been provided by InstaForex Company - www.instaforex.com



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Technical analysis of Gold for June 12, 2014 Trend News

Technical outlook and chart setups:

1. Gold is around the fibonacci 0.382 resistance levels at $1,260.00/61.00 for now. It is expected that prices could push further up towards $1,278.00/80.00 levels before reversing. Recommendations are to remain flat for now and look to sell higher. Please note that trend line resistance shall be passing around $1,278.00/80.00 levels early next week.

2. Support is seen at $1,240.00, followed by $1,230.00, $1,210.00 and lower while resistance is seen at $1,280.00, followed by $1,300.00, $1,310.00, $1,330.00 and higher respectively.

3. The structure indicates that Gold will remain bearish till prices are below the $1,300.00 levels.

Trading recommendations:

Remain flat for now.

Good luck!

The material has been provided by InstaForex Company - www.instaforex.com



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