Gold Technical Analysis - Friday, May 28

Elliott Wave Analyst - tradinglounge • May 28, 2021 at 5:02 AM EDT

Above and below gold's 1900 levels is the 50 - 62% retracement space, so expect gold to be in this range for a good few weeks. Silver will be the same at 28.00.

(Video length 00:13:14)

Gold XAU/USD & Silver XAG/USD Technical Analysis Elliott Wave Forecast
Overview: Above and below golds 1900 levels is the 50 - 62% retracement space, so expect gold to be in this range for a good few weeks. Silver will be the same at 28.00.
That said the Gold and silver markets remain in their bullish trends with golds target above 2000 to 2300
Elliott Wave Gold: Expect more corrective pattern above and below 1900
Gold Trading Strategy: continue to build long positions, buying dips

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