(06 MAY 2020)Gold spot ($) The bias remains bullish.

(06 MAY 2020)Gold spot ($) The bias remains bullish.

6 May 2020, 09:20
Jiming Huang
0
77


Pivot
 (invalidation): 1692.00
Our preference
Long positions above 1692.00 with targets at 1712.00 & 1720.00 in extension.
Alternative scenario
Below 1692.00 look for further downside with 1683.00 & 1676.00 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)

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