Bulls are making a fresh attempt in COMEX- GOLD to take out the resistance near the 1305 mark. The market nervousness about the BREXIT plus the fact that the FED is on hold for one more quarter is fundamentally helping their cause. If the resistance near the 1305 mark is taken out then we can head higher to 1375/1400 zone in the coming weeks. BREXIT will cause a fresh round of buying and the gains could be rapid in that event. Support is at 1220/1230 levels due to rising trendline. This indirectly means that the equity markets could be under pressure globally till a clearer picture emerges at the end of the week. The chart is posted for educational purposes and is not an invitation to buy or sell.
|BULLS HAVE ADVANTAGE IN COMEX GOLD?|