Gold rose slightly on Thursday after touching its highest in more than two-years in the previous session, with investors wary over renewed market moves over Brexit even as regional shares crept higher. Federal Reserve policy-makers decided in June that interest rate hikes should stay on hold until they have a handle on the consequences of Britain's vote on EU membership, according to the minutes from the Fed's June policy meeting released on Wednesday. U.S. short-term interest rate futures contracts pared losses slightly on Wednesday after the Fed released minutes of its June meeting that suggested policy-makers want to wait to see the impact of Brexit before raising rates.
On technical chart, Short term trend of Gold is Bullish on chart. It is sustaining above 50 SMA & 200 SMA on it's Daily Charts. It is also sustaining above Ichimoku Clouds in 4-Hourly & Daily charts. Now it can test the next Resistance of 1395. On Lower side it is having good Support of significant level of 1355.
On technical chart, Short term trend of Gold is Bullish on chart. It is sustaining above 50 SMA & 200 SMA on it's Daily Charts. It is also sustaining above Ichimoku Clouds in 4-Hourly & Daily charts. Now it can test the next Resistance of 1395. On Lower side it is having good Support of significant level of 1355.