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Bullion Rate

Spot gold may retest resistance at $1,911
Bullion Rate

Spot gold may retest resistance at $1,911

  • Support is at $1,886, a break below which could cause a fall into $1,864-$1,877 range. On the daily chart, gold seems to be rising towards the peak of a wave B at $1,959.01, as it has broken a falling trendline and a key resistance at $1,874.
Published 27 May, 2021 11:58am
Spot gold may fall to $1,859
Bullion Rate

Spot gold may fall to $1,859

  • Signals will turn neutral if the metal breaks an immediate resistance at $1,884. Only a further gain above $1,893 could confirm the continuation of the uptrend towards $1,921.
Published 25 May, 2021 11:21am
Spot gold signals mixed
Bullion Rate

Spot gold signals mixed

  • Support is at $1,859, a break below which could cause a fall into the $1,830-$1,847 range. On the daily chart, the metal is struggling around a resistance at $1,874.
Published 21 May, 2021 12:17pm