4 Jun 2019
Gold technical analysis: bears look for pull back to 1297/98
- 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.
