Home Gold technical analysis: back below the 20-D EMA

Gold technical analysis: back below the 20-D EMA

Published date: 29 May. 2019 | 03:02

Gold prices ended back below the 20-D EMA losing sights of the channel resistance.
A re-run of the downside will open prospects for the double bottom lows at 1266 ahead of 1262. Below there, the 200 DMA is located at 1257 while 1251 marks the 10th Dec swing highs.
On the flipside, bulls can target the 61.8% Fibo at 1290 ahead of 1297 as the trend line resistance. 1303 is recent swing fractal high.

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