FxWirePro
Long

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

FX:XAUUSD   Gold Spot / 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
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