FxWirePro
Long

Gold:Buy above $1332

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
390 1 13
Major resistance – $1332 (21-day MA).

Major support - $1321 (55- day EMA ).

The yellow metal has taken support near 90-day EMA and recovered sharply from the low of $1302.61. It is currently trading around $1326.

Gold             should break above 21-day MA targets $1342/$1348 ( 61.8% retracement of $1375 and $1302.69).

On the lower side, support stands at $1321 and any violation below targets $1311/$1303.56.

Short term weakness only below $1300.

It is good to buy above $1332 with SL around $1321 for the TP of $1342/$1348
Thanks for nice profits FxWirePro. 100% correct!
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