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26.05.202106:55 Forex Analysis & Reviews: Elliott wave analysis of Gold for May 26, 2021

Exchange Rates 26.05.2021 analysis

Gold is heading for the resistance level of 1,959. It should just be a matter of time before this resistance is broken and gold returns to the former top of 2,075 and in long term higher to 2,705.

Support is now seen at 1,872 and then at 1,852. The latter should be able to protect the downside.

Trading recommendation:

Buy gold for a rally towards 2,075 and longer term closer to 2,705

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Torben Melsted,
Analytical expert of InstaSpot
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