FxWirePro
Long

Gold: Buy above $1327

FX_IDC:XAUUSD   GOLD / US DOLLAR
284 1 14
Major resistance- $1327 (55 H EMA ).

Major support - $1310 (Jul 21st low)

Gold             has declined till $1317.70 yesterday and slightly recovered from that level. It is currently trading around $1323.58.

In the hourly chart ,it is trading slightly above Tenkan-Sen ($1322.40) and Kijun-Sen ($1322.37).But it should break above $1327.50 for slight jump till $1335.78/$1343.

On the higher side, any break above 55-H EMA will take the commodity to next immediate resistance at $1332.36 which 38.2% retracement of $1356.39 and 1323.05/$1341.05 ( 61.8% retracement of $1356.39 and $1323.05).

The major support is around $1310.50 (Jul 20th low) and any break below targets $1300/$1292 (100 day MA).

It is good to buy above $1327.50 with SL around $1317 for the TP of $1340/$1349.
Thank you for analysis.
+1 Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
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
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out