FX:XAUUSD   Gold Spot / U.S. Dollar
48 0 2
Momentum in both daily and weekly continued to press brake pedal. Let's hope it maintains its speed whether it is resuming or turning.
Weekly: Weekly PSAR is at 1202. Gold             is trying to immerse itself trading below w-mid-bband.
Daily indicators mostly have turned down, showing further weakness to come. Luckily one lagging indicator has not switched side, but once done (maybe a few days more), then 1280 may act as a tight lid against any upside move. So i think in order to neutralise this bear, gold             must try to jump and reach 128x and hang itself near there. Otherwise the weakness (the likes of May16's weakness) will continue further. Immediate support at 1254-1256, followed by 1244.
Daily-psar is at 1312.50.

Range: Weekly: 1205 to 1305/1310. Daily: 1250 to 1305/1310. Intraday: 1262-1290.

Intraday 9:00am: Gold             slowly dragged down by the intraday momentum that is maintained. Close above 1270 will screw it up. at the moment bulls should try hard to avoid close below H4MA100 at 1261.80. (13++ bears are likely taking profit near here). Day-pivot : 1266.

Worth reading
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out