Technical Analysis – Gold resumes bullish momentum
Posted on June 6, 2017 at 8:01 am GMTGold maintains its bullish outlook as it resumes its upside momentum following a pause in the rally for a few weeks in May after rebounding from a low of 1214.17. There is scope to target the key level at 1300. Prices would have to pass the April 17 high of 1295.38 in order to confirm that a lower low is in place at 1214.17 (May 9 low) and to strengthen the bullish bias. A successful break above 1300 would open the [..]