FX.co ★ Daily analysis of Gold for May 22, 2018

Overview

Gold price is testing resistance of the sideways range that is dominating in the recent days as appears on the chart. Please note that stochastic and the EMA50 continue to provide the negative signals to keep the our bearish overview that depends on holding below 1301.20. Besides, be aware that breaking 1,2185.90 will confirm opening the way to head towards 1,267.00. The expected trading range for today is between 1,270.00 support and 1,305.00 resistance.