End of day analysis for Gold 21-05-2018
Economies.com
2018-05-21 18:37PM UTC
Gold price price could not manage to hold for long time below 1285.90 level, to trade positively and move above it now, which hints the price attempt to get rid of the negative pressure that dominates the recent trades and return to rise again.
Therefore, it is important to monitor the upcoming trading carefully, as breaching 1294.00 will confirm the continuation of the rise towards 1301.20 followed by 1316.48 as next positive stations, while breaking 1285.90 will push the price towards our next negative target at 1267.00.
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