Gold (GC) Intra-day Analysis 07 May 2020

Further Advance

Our Pivot:1688.60

Our Preference: Buy above 1692.44 with strict stop loss of 1688.60 and target at 1701.69 and 1705.71.

Alternate Scenario: Downward penetration of 1688.60 will call for 1683.36.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances.