Gold XAUUSD Chart Technical Outlook It breaks out and heads toward neckline support
Gold – after a short period of consolidation Gold has broken out of the rectangle formation to the downside. Bespoke support is located at $2,287 and $2,277. This is close to the previous swing low of $2,277 and a demand zone from April 4.
Resistance: $2,338 (bespoke), $2,431 (swing high April 12), $2,450 (swing high May 19)
Support: $2,292 (demand), $2,287 (bespoke), $2,277 (prime support, bespoke and swing low)
