Scotia Bank 24 – June, 2013

ScotiaBank

According to Scotia bank, The precious metal on Friday opened at $1292.75 USD/ Ounce touched its lowest level at $1286.00 USD/ Ounce, and then rebound to touch its highest level at $1300 USD/ Ounce, during Friday session nothing made any change for the market close at the level of $1292.25 USD/ Ounce.

From a technical point of view for Scotia Bank, The yellow metal closed at $1293 USD/ Ounce, breaking its Previous level of support at $1322 USD/ Ounce and also hacked below $1301 USD/ Ounce. Currently the precious metal still in the wave C according to Fibonacci we are going to target $1150 USD/ Ounce.

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