FxWirePro
Long

Gold faces strong support at $1211, good to buy at dips

FX:XAUUSD   Gold/U.S. Dollar
336 0 6
Major support- $1211 (100 W EMA)

The yellow metal has broken $1217.65 low made on Wednesday today morning and declined till $1211.52 at the time of writing.

Gold             has jumped till $1234 yesterday and started to decline from that level. It is facing major resistance around $1238 (7 day EMA) and any slight bullishness only above that level.

Any indicative break above $1238 will take the commodity till $1243/$1250 level. Short term bullishness only above $1260.

On the lower side major support is around $1211 and any break below targets $1200/$1190/$1175.

StochRsi- Over sold

It is good to buy at dips around $1217 with SL around $1210 for the TP of $1225/$1235
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out