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Gold Weekly Fundamental Analysis May 28 – June 1, Forecast

posted by Avatar FXEmpire 360 days ago in Fundamental, Weekly, Gold made popular 359 days ago

Gold closed down slightly on the week at 1572.25, negating last week’s bullish hammer in the candlestick charts. This is gold’s 2nd week below the previous long-term uptrend and thus the outlook remains bearish. Overnight strength in the dollar pushed gold lower,

As shown below gold ranged from a high of 1598.95 to low of 1533.25.
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