Gold – confluence of support around $1191

FX:XAUUSD   Gold Spot / 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.
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