FxWirePro
Long

Gold faces strong support at 21 day MA,good to buy at dips

FX:XAUUSD   Gold/U.S. Dollar
359 2 10
Major Resistance - $1375

Major support - $1316 (21 day MA)

The yellow metal has broken major support $1335 (Jul 8th low) and declined till $1327.It is currently trading around $1337.

Gold             recovered from the low of $1327 and slightly jumped till $1340 at the time of writing. The yellow metal is still bullish as long as support $1316 (21 day MA) holds.

The minor resistance is around $1347 (7 day EMA ) and any further bullishness only above that level. Any indicative break above $1347 will take the gold             to next level till $1354/$1363/$1375.

The minor support is around $1325 and any violation below targets $1316/$1304 (daily Kijun-Sen).

It is good to buy at dips around $1330 with SL around $1315 for the TP of $1354/$1374.

@FxWirePro, so what i m getting from u is long after 1347 breaks with SL at 1316, with 1354/63/75 target. is this correct?
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It is good to buy at dips
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