Daily Market Technical Report - XAUUSD

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold             prices ended the session solidly higher and scored another three-month high Wednesday.
We feel that the market will more than likely trying to reach towards the $1150 level. Technically market is looking strong on chart and prices is trading above the resistance trend line in its daily chart . In 4 hourly chart, prices is sustaining above its support of 200 and 50 DMA with appearance of golden cross. It is having an important resistance of 1150 and support at the level of 1122. If it sustains at current levels then we can expect it to show further upside movement in Gold             prices.

MACD is sustaining in its positive territory indicating the bullish trend in the prices.
STRATEGY: Gold             is looking bullish on charts for next few trading session. One can go for buy on dips level strategy for intra day to mid term positions in it.

I hope everyone has booked TP1 in this :)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
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