sugardaddyFED

Gold could retest 1179 and 1176 to target 1197

FX:XAUUSD   Gold Spot / U.S. Dollar
43 0 2
Broke out of the Downward channel line and retested the breakout at 1179.

Strong Support at 100 1176 which help to push prices higher. This is the swing long price action.
Minor Support at 200 1182.50

20 and 50 ma are playing catch up and rising higher - both have crossed above 100 which is bullish and RSI is confirming.

Resistance now at 1189 level which coincide with 38.2 Fib retracement from (1162 and 1232). next target is 50% Fib at 1197 for resistance.

Entry @ 1177
Stop @ 1173
Target @ 1189 and 1197

Invalidated if the USD break higher or 1197 is hit first.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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