Gold failed to sustain recovery

1 May, 2017

Gold failed to sustain Friday's recovery. The spot just tested 1270 and reversed its direction. The pair pulled back in the Asian night and reached 1260 in the mid-Asian session. The level limited sellers' advance who stopped at the level struggling hard to break it through afterwards. The technical indicators were mixed. The resistance is highlighted 1270, the support comes in at 1260ВВВ dollars per ounce.

Trading recommendations

A break below 1260 would open up the way for a move to 1250 dollars per ounce.


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