Gold trades well above 21 day MA, targets $1360/$1374

FX:XAUUSD   Gold Spot / U.S. Dollar
323 0 13
Major resistance - $1327 (200 H MA)

The yellow metal has broken a minor resistance $1345 and jumped till $1354 on Friday. It is currently trading around $1350.

Any short term weakness can be seen only below $1327 (200 HMA ).The break below short-term support $1325 will drag the commodity down till $1312/1297 ( 61.8% retracement of $1250 and $1375).The minor support is around $1339 (21 day MA) and any violation below targets $1332 (daily Tenken-Sen)/$1327.

On the higher side, major intraday resistance is around $1355 (29th Jul 2016 high) and any indicative break above $1355 targets $1360/$1370.

It is good to buy on dips around $1345-47 with SL around $1338 for the TP of $1360/$1374.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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
AR العربية
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