TipTVFinance

Gold – confluence of support around $1191

FX:XAUUSD   Gold/U.S. Dollar
Support - $1207, $1200, $1191 ( Oct             2015 high + rising trend line drawn from Dec             17 low and Jan 14 low)

Resistance - $1219, $1225.61, $1235

  • Gold’s consecutive failure to take out daily 100-MA hurdle earlier this week followed by lower tops formation on the hourly chart indicates prices could have another go at psychological support level of $1200.
  • A violation there would open doors for a slide to critical support at $1191. Bulls need to defend this or else risk being crowded out of the market.
  • On the higher side, a break above $1220 would signal a possible rise to $1230 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 Account and Billing Sign Out