FxWirePro
Long

Gold trades well above $1350, good to buy on dips

FX:XAUUSD   Gold/U.S. Dollar
480 2 18
Major support - $1340 (daily Kijun-Sen)

Gold             has jumped till $1367 and declined from that level .It is currently trading at $136.50.

Short term trend is bullish as long as support $1340 holds.

Any break below $1340 will drag the commodity down till $1332 (61.8% retracement of $1310.71 and $1367)/$1325 in the short term.

On the higher side, the break above $1368 will take the gold             to next level $1375/$1400.

Short term weakness only below $1300.

It is good to buy on dips around $1352-1355 with SL around $1339 for the TP of $1374/1398
Batman-oz
4 months ago
Agree, have been in for 24 hours now, entered at 1358. Thanks for the confirmation
Reply
nLead PRO
4 months ago
Agreed. This is my analysis.
snapshot
snapshot
I think we're heading to 1430.
Reply
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