Gold Price Stabilizes Below 1270.00

New York (Jun 10)  Gold stabilized below 1270.00 -13% Fibonacci- and this level is critical. With the end of this week’s trading and unclear break above 1270.00, which contradicts with positivity on moving averages.

We will stand aside although we are bullish.

Support: :1260.00 – 1255.00 – 1250.00

Resistance: 1270.00 – 1281.00 – 1300.00

Direction: Bullish, but we will avoid trading

Source: Investing.com