Gold – Rising trend line support at rescue
Gold’s rebound from rising trend line support on daily seen around $1313 levels if followed by a break above falling trend line hurdle of $1130 on 4-hour chart would suggest a short-term bottom is in place and could yield a re-test of post Brexit day high of 11358.10/OZ levels.
On the lower side, a daily closing below $1300 would suggest a retreat to $1284.41 (March 11 high).
On the lower side, a daily closing below $1300 would suggest a retreat to $1284.41 (March 11 high).
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