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Direction: Bearish
2016-05-24 19:36:43

Gold, May 24

on: In: Technical Analysis
 Print
 

Gold traded below 1247.00 –SMA50- along with bearish signs on RSI, while ADX shows strength of the bearishness.

GOLD@Daily-32

Trading below 1247.00 will keep the negative scenario available, targeting 1219.00m while minor support resides at 1230.00.

A break above 1260.00 will negate the scenario.

Support: : 1235.00 – 1230.00 – 1219.00

Resistance: 1247.00 – 1255.00 – 1260.00

Direction: Bearish

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