Gold Daily Outlook

FX:XAUUSD   Gold Spot / 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
Expected to short around the same level. Theres a gap that needs to be covered as well. Check RSI (7 period)
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