FxWirePro: Gold resumes upside as Brexit worries boost safe haven assets
Friday, June 17, 2016 6:21 PM UTC
- Gold inched higher on Friday to gain one percent as weaker dollar and uncertainty ahead of Britain's vote on European Union membership increased demand for the bright metal.
- The yellow metal is likely to advance further as the demand for the yellow metal is set to increase further in the coming days.
- To the upside, the strong resistance can be seen 1315, a break above this level would expose the commodity towards 1344 levels.
- To the downside immediate support can be seen at 1285, a break below at this level will open the door towards 1272levels.
Support levels: S1-1285, S2-1272, S3-1263
Resistance levels: R1-1303, R2-1315, R3-1344