Gold (GC) Intra-day Analysis 16 May 2019

Further Advance

Our Pivot:1290.50

Our Preference: Buy above 1294.91 with strict stop loss of 1290.50 and target at 1301.30 and 1303.80.

Alternate Scenario: Downward penetration of 1290.50 will call for 1285.60.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances.