GOLD, Weekly Forecast, May 23 - 27: Break Up of 1260 will Open Uptrend Target on 1294
23 May 2016, 13:00
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GOLD, Weekly Forecast, May 23 - 27: Break Up of 1260 will Open Uptrend Target on 1294
Main scenario:
The pair is trading along an sideways trend between support 1246 and
resistance 1260, where break up of 1260 will open target for uptrend on
resistance level 1277 and 1294.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level
1246, which will be followed by moving down to support level 1230.
