(27 MAY 2020)Gold spot ($) Expect 1694.00.

(27 MAY 2020)Gold spot ($) Expect 1694.00.

27 May 2020, 09:23
Jiming Huang
0
68

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Pivot
 (invalidation): 1721.00
Our preference
Short positions below 1721.00 with targets at 1703.00 & 1694.00 in extension.
Alternative scenario
Above 1721.00 look for further upside with 1728.00 & 1735.00 as targets.
Comment
The RSI calls for a new downleg.

(By Swissquote TRADING CENTRAL)

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