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GOLD 26/05: Sell ​​entry ends a volatile week!

SupperTrading-FX tarafından
Güncellendi
GOLD Gold prices attracted some buyers in the vicinity of the 100-day Simple Moving Average (SMA) and produced a modest recovery from the 1935-1934$ area or two-month lows touched the previous day. . GOLD bounced back above 1,950-1953$ during the early European session and now, seems to have cut a two-day losing streak.

From a technical perspective, any further upside move is likely to face stiff resistance near the strong horizontal support at 1960-1965$. A sustained strength beyond that could trigger a short-term offsetting rally and lift Gold to the psychological $2,000 mark. However, a further move could still be seen as a selling opportunity and remain capped near the 2,005-2,010$ supply zone.

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