(04 JUNE 2020)Gold spot ($) Key resistance at 1712.00.

(04 JUNE 2020)Gold spot ($) Key resistance at 1712.00.

4 June 2020, 09:08
Jiming Huang
0
73

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Pivot
 (invalidation): 1712.00
Our preference
Short positions below 1712.00 with targets at 1687.00 & 1679.00 in extension.
Alternative scenario
Above 1712.00 look for further upside with 1719.00 & 1726.00 as targets.
Comment
As Long as 1712.00 is resistance, expect a return to 1687.0

(By Swissquote TRADING CENTRAL)

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