Gold (GC) Intra-day Analysis 12 May 2020

Further Advance

Our Pivot:1697.30

Our Preference: Buy above 1701.60 with strict stop loss of 1697.30 and target at 1709.50 and 1713.80.

Alternate Scenario: Downward penetration of 1697.30 will call for 1691.75.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances.