FX & CFD trading involves significant risk
Gold prices managed to close above the 55 and 21-DMAs, now initial support at $1519.5/1520.9, respectively. Daily studies remain mixed. Initial resistance seen at $1530.9/1532.1 (May 25/26 highs) with a break above targets $1552.7/1554/1558 (9-wk resistance line, Daily Boll top, and Jun 22 reversal high). Break under $1519.5/1520.9 opens the way down to $1510.5/1512.7 (5-day MA, 23.6% Fibonacci $1309/1576).
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