(05 MAY 2020)Gold spot ($) Consolidation in place.

(05 MAY 2020)Gold spot ($) Consolidation in place.

5 May 2020, 09:11
Jiming Huang
0
82

go
Pivot
 (invalidation): 1706.00
Our preference
Short positions below 1706.00 with targets at 1690.00 & 1684.00 in extension.
Alternative scenario
Above 1706.00 look for further upside with 1710.00 & 1715.00 as targets.
Comment
The RSI is bearish and calls for further decline.

(By Swissquote TRADING CENTRAL)

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