FX.co ★ Analysis for Gold 03.06.2020 - Multi pivot level at the price of $1.690, the breakout to the upside would ocnfirm test of $1.750

Technical analysis:

Gold has been trading upwards towards the main resistance pivot at the price of $1.686. Due to strrong momentum tot he upside, I would watch for the breakout of $1.690 to confirm further upside movements towards $1.752.

The eventual rejection of the pivot at $1.390 may lead us for test of $1.651.

Stochastic oscillator is showing fresh bull cross, which is sign for the bullish condition.

Major resistance is set at $1.690.

Support level is set at the price of $1.651