Gold’s recover from Asian session low of $131.46 if followed by a break above $1323.81 (daily high) would open doors for a test of falling channel resistance of $1332. A break higher preferably on daily closing basis would suggest short-term trend reversal and could yield a rise to $1358.41 (Brexit day high).
On the lower side, a daily closing below 4-hour falling channel support of $1306 would open doors for a cut below $1300 and drop to $1290/Oz levels.
On the lower side, a daily closing below 4-hour falling channel support of $1306 would open doors for a cut below $1300 and drop to $1290/Oz levels.
