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

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

13 May 2020, 09:04
Jiming Huang
0
68

go
Pivot
 (invalidation): 1711.00
Our preference
Short positions below 1711.00 with targets at 1696.00 & 1690.00 in extension.
Alternative scenario
Above 1711.00 look for further upside with 1716.00 & 1723.00 as targets.
Comment
As Long as 1711.00 is resistance, expect a return to 1696.00.

(By Swissquote TRADING CENTRAL)

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