Sunday, 9 June 2013

GOLD Forecast Jun 10 - 14



GOLD has a ranging week but got all its gains wiped out on Friday. It opened at 1389.85 went to a high of 1423.60 and closed at 1378.70 . Is it an indcation of weakness? Possibly , yes. The critical resistance at 1423.60 has been tested twice the last 2 weeks, and proved to be tough. A pullback may try to test resistance at 1404.00, where the EMA100 (red line is) and when that is not breached, the down side target lays waiting at 1337.80 , last month’s low.

EMAS telah mengalami minggu yang berjarak akan tetapi kehilangan semua peningkatan pada hari Jumat. Ia telah membuka di level 1389.85, lalu mencatat level tertinggi di 1423.60 dan menutup di level 1378.70 . Apakah ini pertanda kelemahan? Sangat memungkin, iya. Resistan kritis di level 1423.60 telah diuji sebanyak 2 kali dalam waktu 2 minggu, tetapi tidak membuahkan hasil positif, pembuktian ketangguhan resistan ini. Suatu pullback akan berusaha untuk menguji resistan di level 1404.00, dimana EMA100 (garis merah) menunggu, dan apabila ia mampu bertahan, sasaran dibawah berada di level 1337.80 , level terrendah bulan lalu.


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