Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

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 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.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.