TipTVFinance

Gold – now eyeing falling trend line hurdle

FX:XAUUSD   Gold/U.S. Dollar
Resistance - $1263, $1270, $1284

Support - $1253, $1247, $1243

  • A sharp recovery from low of $1234 followed by a break above daily 50-MA and subsequent breach of key Fibo level at $1253 indicates prices are on track to test falling trend line resistance currently seen at $1263 levels.
  • A day end closing above the same would indicate a short-term bottom is in place at $1234.
  • On the lower side, a clear break below $1230 is needed to signal bullish invalidation.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener 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
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out