TipTVFinance

Gold – watch for a rebound from hourly 50-MA

FX:XAUUSD   Gold/U.S. Dollar
Resistance - $1352, $1358, $1378

Support - $13335, $1328, $1303

  • Despite Gold’s retreat from Monday’s high of $1358 to a low of $1338 today, the overall outlook stays bullish , given the bullish break from the expanding channel seen on Friday.
  • Hence, a rebound from the hourly 50-MA level (now seen at $1341) would open doors for a re-test of $1358. A day end closing above the same could yield $1378.
  • On the lower side, only a break below $1328 (channel support) could yield a test of post Brexit low of $1305.38 levels.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out