(22 MAY 2020)Gold spot ($) Look for 1709.00.

(22 MAY 2020)Gold spot ($) Look for 1709.00.

22 May 2020, 13:43
Jiming Huang
0
42

GO
Pivot
 (invalidation): 1734.00
Our preference
Short positions below 1734.00 with targets at 1715.00 & 1709.00 in extension.
Alternative scenario
Above 1734.00 look for further upside with 1742.00 & 1752.00 as targets.
Comment
The RSI has just struck against its neutrality area at 50% and is reversing down.

(By Swissquote TRADING CENTRAL)

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