Technicals

Add as a preferred source on Google

Gold: Key levels to watch

Gold has lost more than $8 at start of US session and hits low of $1276.It is currently trading around $1279. DXY is recovering slightly but US 10 year bond yield is trading low and hits fresh 19month low. Major support …

1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

Gold has lost more than $8 at start of US session and hits low of $1276.It is currently trading around $1279. DXY is recovering slightly but US 10 year bond yield is trading low and hits fresh 19month low.

 

Major support to be watched -$1266-$1269 (May 2nd low and May 21st low). Any major weakness below $1266.Below that level targets $1250.

 

Resistance - $1287 (recent high)/$1292/$1303 (May month high). Any bullish continuation only above $1303.

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560