Home Gold technical analysis: Oscillating around 20-D EMA, bears look to 200-D SMA

Gold technical analysis: Oscillating around 20-D EMA, bears look to 200-D SMA

Updated: 30 May. 2019 | 00:42

The technical outlook is much the same midweek as it was at the start of the week.
The price is oscillating around 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-D SMA is located at 1260 while 1251 marks the 10th Dec swing highs.
Bulls look to the 61.8% Fibo at 1290 ahead of 1297 as the trend line resistance.
1303 is recent swing fractal high.

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