Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

Gold: Key levels to watch (US Session)

Gold has gained more than $12 for the day.It hits high of $1299.16 and is currently trading around $1296.21 at start of US session The ongoing trade war and declining yield supporting yellow metal at lower price.

 

Major support to be watched -$1290. Any break below targets $1286/$1283.it should break below $1275 for minor weakness.Major trend reversal only below $1266.Below that level targets $1250.

 

Resistance -$1303 (May month high). Any bullish continuation only above $1303. Any break above targets $1310/$1324.40.

 

 

 

  • Market Data
Close

Welcome to EconoTimes

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