Scotia Bank Daily Gold Market Watch issued in June 11th

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Scotia Bank issued its daily market watch commentary and analysis for the gold and silver performance in June 10th.

Gold opened the trading session at $1,382.50 reached a low of $1,375.50 then regained lost ground to be traded at $1,386.75 and close at $1,386.

Gold remained in range after Friday’s losses. The price movement was between the $1,373 down-support and $1,423 resistance. Even after the recent ups in gold, the 200 and 400 MA indicates the downtrend is still in continues with some sideways movements.

Gold-silver ratio was at 63.02

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