FxWirePro
Long

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

FX:XAUUSD   Gold/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.
anamiskos
3 months ago
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
3 months ago

Dont even try for your safety :)
Reply
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