FX.co ★ Daily analysis of Gold for May 24, 2018

Overview

Gold price is showing some bullish bias, triggered by stochastic positivity. The might test 1,301.20 before resuming the bearish trend again. In general, holding below the mentioned level keeps our bearish outlook valid. Let me reminding you that our main targets begin at 1,285.90 and extend to 1,267.00 after breaking the previous level. The expected trading range for today is between 1,270.00 support and 1,305.00 resistance.