Gold Analysis for June 30, 2016
Since our previous analysis, gold has been trading sideways at the price of $1,318.50. According to the 30M time frame, I found the key point of control from the massive bullish day in the background is set at the price of $1,317.50. Today, I found buying tails from the bottom at the price of $1,313.20. Watch for buying opportunities on the dips. The first take profit level is set at the price of $1,327.30. The major take profit level is set at the price of $1,358.00 (major swing high)
Daily Fibonacci pivot points:
Trading recommendations for today: Selling gold looks risky at this stage. So, watch for potential buying opportunities.