Articles
-
GOLD - Weekly Report 6/5/2013
After fluctuating heavily on Friday, the metal ended the trading session higher, continues to push for a break above 1478.00 resistance. Holding above 1478.00 will open the door for another leg higher probably to levels above 1500.00, to 1520.00. However, overall, that would provide a good short opportunity. We look to long gold over intraday basis, if price managed to hold above 1480.00, but look to sell it at higher levels over weekly basis.
Based on the charts and explanations above, we prefer to remain neutral awaiting confirmation
Read full article