FxWirePro
Long

Gold gains on lack of clarity on FOMC minutes,good to buy on dip

FX:XAUUSD   Gold Spot / U.S. Dollar
301 2 10
Major resistance - $1368

Major support - $1338 (21 day MA)

The yellow metal has once again regained till $1355.99 yesterday after making a low of $1336 yesterday and it is currently trading at $1338. Gold             gained sharply after FOMC minutes left markets confused on the timing of the next hike.

The major resistance is at $1358 (Aug 10th high) and any break above targets $1368/$1375 in the short term.

On the lower side, support stands at $1338 (21 day MA) and break below will drag the commodity down till $1330/$1315 (55 day EMA )/$1295.

It is good to buy on dips around $1345-1348 for the TP of $1338 for the TP of $1331/$1316.
It is good to buy on dips around $1345-1348 for the TP of $1338 for the TP of $1331/$1316????
Reply
pasha-FX anamiskos

Dont even try for your safety :)
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
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