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Gold analysis May 27, 2021

 


We also expected gold to continue trading positively despite some corrective decline affected by a short bullish wave for the US dollar, but so far gold continues to trade above 50% Fibonacci retracement on the daily chart with positivity on the special momentum indicator and tries to rise above 38.2% Fibonacci 1920 as a first target while we have targets Others are far around 1980-2070, provided trades remain above the support level of 1824

Below 1824 will push gold back to the double bottom areas and its strongest support is at 1670

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Gold analysis May 27, 2021 Gold analysis May 27, 2021 Reviewed by DR HISHAM M YOUNES on May 27, 2021 Rating: 5

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