GOLD
OUTLOOK
Gold on Monday (June 5) hit near $1936 levels, only to make a bounce from the NFP aftermath. My last week’s analysis covers XAU/$ to eye for $1985 as resistance, and $1925 as support. However those levels, were far from reach. Yet, Gold hits $1983 before NFP data and on Monday hit near $1937. Today’s session is indecisive. Gold trade in a narrow range. Here’s key level you need to watch:
CONSOLIDATION AREA:
$1955.32 – $1964.28
RESISTANCE:
$1979.08
$1968.20
SUPPORT:
$1950.20
$1931.92