Home Gold technical analysis: bears look for pull back to 1297/98

Gold technical analysis: bears look for pull back to 1297/98

Updated: 4 Jun. 2019 | 01:07

Gold has extended above channels resistance.
Gold broke the 25th March highs at 1323, scoring a high of 1328 overnight.
1297 comes in as a compelling downside target being the 50% Fibo retracement of the late April and early May double-bottom swing lows to recent spike high.
On a continuation to the upside, on bullish weekly stochastics, 1346.75 comes in as the 2019 highs.

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