(08 JUNE 2020)Gold spot ($) Key resistance at 1701.00.

(08 JUNE 2020)Gold spot ($) Key resistance at 1701.00.

8 June 2020, 08:55
Jiming Huang
0
88

go
Pivot
 (invalidation): 1701.00
Our preference
Short positions below 1701.00 with targets at 1676.00 & 1668.00 in extension.
Alternative scenario
Above 1701.00 look for further upside with 1712.00 & 1722.00 as targets.
Comment
The upward potential is likely to be limited by the resistance at 1701.00

(By Swissquote TRADING CENTRAL)

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