Gold (GC) Intra-day Analysis 08 May 2020

Further Advance

Our Pivot:1724.20

Our Preference: Buy above 1728.85 with strict stop loss of 1724.20 and target at 1736.85 and 1740.00.

Alternate Scenario: Downward penetration of 1724.20 will call for 1716.79.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances.