Gold set to find more favour?

Friday, 26/05/2017 | 08:56 GMT

Disclaimer

XAU/USD is looking primed to continue its latest run higher with a move up to the 61.8% retracement of last year’s sell off at $1280 then recent highs near $1300 looking likely.

GBP/USD looking exposed on the downside with recent lows of 1.2845 likely to provide some resistance, although a push down to 1.2780 may follow.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice

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Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/gold-set-to-find-more-favour/?camp=24219

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