FxWirePro
Short

Gold Daily Outlook

FX:XAUUSD   Gold / U.S. Dollar
408 2 3
Intraday trend-Bearish
Gold             has made a low of $1170 and has slightly recovered which confirms it has formed temporary top around 1238 and further selling is expected in coming days.
On the downside break of 1185 will take the commodity to 1160/1138 in short term.
The minor resistance is around 1205 and any indicative break above would extend gain to $1213/1223. Overall trend reversal only above $1238.
Indicators (4 Hour chart)
CCI (50) – Sell
CCI (14) – Buy
Ichimoku- Sell

Recommendation: Sell Gold             around 1185-90, SL 1206, Target $1160/1141
Correct minor resistance at around 1195
Reply
Expected to short around the same level. Theres a gap that needs to be covered as well. Check RSI (7 period)
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out