(01 MAY 2020)Gold spot ($) Key resistance at 1697.00.

(01 MAY 2020)Gold spot ($) Key resistance at 1697.00.

1 May 2020, 09:21
Jiming Huang
0
85

goo
Pivot
 (invalidation): 1697.00
Our preference
Short positions below 1697.00 with targets at 1679.00 & 1670.00 in extension.
Alternative scenario
Above 1697.00 look for further upside with 1707.00 & 1715.00 as targets.
Comment
Technically the RSI is below its neutrality area at 50.

(By Swissquote TRADING CENTRAL)

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