Gold (GC) Intra-day Analysis 27th May 2022

Upside Prevails

Our Pivot: 1842.90

Our Preference: Start Buying Gold above 1848.00 with strict stop loss of 1842.90 and profit target at 1857.50 with extension towards 1861 and 1865.

Alternate Scenario: Downward penetration of 1842.90 will call for 1837 and 1831.

NOTE: Gold is moving inside a bullish price channel toward expansion levels.

Chart with supports & resistances: