GOLD 30/05: Buyers and sellers struggle

30 May 2023

GOLD From a technical perspective, some selling below the daily low, around the 1,935 area, would be seen as fresh trigger for bearish traders. Gold price could then accelerate its decline towards the 1,918$-1.920$ intermediate support before finally dropping to the $1,910 circular mark.

On the downside, the 1,945$-1,950$ area is likely to act as an immediate barrier ahead of the 1,955$-1,960$ area. Any further upside move could attract new sellers and remain capped near the 1,985$ area. The latter will act as a pivotal point, which, if cleared, could allow Gold prices to regain the psychological 2,000$ mark.


SELL GOLD zone 1940-1943

Stoploss: 1950

Take Profit 1: 1935
Take Profit 2: 1930

Note: Install tp, sl to ensure profit and win the market!

30 May 2023

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Entry point now