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5/15/2017 4:35:48 AM

Gold - Technical Analysis: Monday, 15/05/2017 08:35 GMT



Gold price continues to provide calm positive attempts, while RSI loses its bullish momentum gradually, to keep the correctional bearish trend expected for the coming period, noting that breaking 1222.42 will push the price to visit 1204.26 then 1186.09 levels mainly.

Note that surpassing 1244.90 will stop the expected decline and pus the price to return to the bullish trend again.


Target
Risk


Support
Resistance


Trend Bearish

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