The greenback bears are still in firm near-term technical control as dollar index prices are in a three-month-old downtrend. Technically, August gold futures bulls have the firm overall near-term technical advantage as prices are in an uptrend on the daily bar chart. Bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,300.00. Bears' next near-term downside price breakout objective is closing prices below solid technical support at $1,260.00. The next upside price breakout objective is closing futures prices above solid technical resistance at $18.00 an ounce.

Source: Forbes June 07, 2017 12:11 UTC