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Gold Analysis and Prediction Rises at $1300 for June, 19 2014

June 19, 2014 12:15 pm

As per H4 candle Gold previous high $1300 on May, 26 2014 and continuously move downward at $1240.50 on June, 03 2014 and break previous low 1243.14 January 31 2014. Gold continuously move upward from $1240.50 to average range $1277. Now our prediction is that Gold must reach $1300 level, and go up direction slightly.

Recommendation:

Gold now have bullish trend and buy trade always in profit, and now day by day Gold move upward, because Dollar value fall due to slower improvement in economy, housing sector and labor sector stated in FOMC statement.

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