TECHNICAL ANALYSIS: GOLD JUNE 4-8, 2018

After breaking through the major support and close lower than 1300 level, the trend of gold changed from sideways to short-term downtrend.

If this week the price go up to the resistance zone 1308 – 1326, should look to sell.

If this is a long-term downtrend, gold may go down to re-test level 1260 – 1265.