Gold (GC) Mid-day Analysis 06 May 2019

Further Advance

Our Pivot:1278.50

Our Preference: Buy above 1281.50 with strict stop loss of 1278.50 and target at 1287.00 and 1289.80.

Alternate Scenario: Downward penetration of 1278.50 will call for 1274.60.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances.