Gold - Flag formation on hourly

FX:XAUUSD   Gold Spot / U.S. Dollar
Resistance - $1246, $1253, $1263

Support - $1242-1240, $1234, $1230

  • Gold's failure to take out daily 50-MA in Asia if followed by a bearish break from flag formation on the hourly chart would open doors for a drop to $1234 levels.
  • On the higher side, an hourly closing above $1246 would mark bullish break from flg formation and signal continuation of the upmove.
  • In such a case, resistance at $1253 could be put to tests and which if breached shall open doors for $1260-1263 levels.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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