FxWirePro
Short

Gold Daily Outlook

FX:XAUUSD   Gold Spot / U.S. Dollar
246 1 1
Gold             is in consolidation phase around $1212 and $1183. It is likely to face strong resistance around $1212 and intraday trend reversal can happen only above that level.

On the upside short term resistance is around $1212 and any break above would extend gains till $1225.

The commodity minor support is around $1199 (20 day MA) and break below will target $1183/1178.

Overall bullishness can be seen only if it closes above $1228 (200 day MA)

Indicators (1 Hour chart)

CCI (50) - Buy

Woodies CCI (14) - Neutral

Ichimoku - Neutral

We prefer to sell on rallies around $1205 with stop around $1213 for the target of $1185.



good
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
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