Gold: Buy above $1327

FX_IDC:XAUUSD   Gold Spot / U.S. 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
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