FxWirePro
Long

Gold :100- WMA and $1200

FX_IDC:XAUUSD   GOLD / US DOLLAR
318 0 8
Major resistance $1233 (3-W EMA )

Major support - $1200

The yellow metal breaks below 100- WMA and declined till $1202 in the previous week. It is currently trading around $1212

Gold             showed a slight recovery till $ yesterday and declined sharply from that level. It is currently trading around $1206.75.

On the higher side, resistance stands at $1233 (3- W EMA ) and any break above targets $1253/$1268 (200 W- MA).

The major support is around $1200 and any break below will drag the yellow metal down till $1180 (161.8% retracement of 1241.50 and $1337)/$1172 ( 61.8% retracement of $1046.50 and $1375).

It is good to buy on dips around $1205-$1207 with SL around $1198 for the TP of $1232/$
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder 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 Account and Billing Sign Out