Gold Technical Analysis: When to Buy?

From dailyforex.com

The return of the US dollar strength after the markets absorbed the jobs report results for the month of April, which carried a lot of alarming numbers contributed to correcting the gold price to the $1692 level, and cautious gains during last week's trading extended to the $1723 level. The price of the yellow metal stabilized around the $1696 level in the beginning of today’s trading, Tuesday, before the release of the US inflation figures. This performance did not get the gold out of its bullish channel, as it is still near the $1700 resistance, which confirms the bulls' control over the performance. Alongside ... (full story)