FxWirePro
Short

Gold trades well below 21-day MA, good to sell on rallies

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
279 1 9
Major resistance - $1332 (21- day MA)

The yellow metal has broken minor support $1321 and declined till $1313 at the time of writing . It is currently trading around $1330.34. 

The major support is around $1307 (90- day EMA ) and any break below that level will drag the yellow metal down till $1297 (2.6% retracement of $1375 and $1047)/$1285 ( 50% retracement of $1199 and $1375. 

Gold              is facing major intraday resistance around $1331 (21- day MA) and any break above targets $1345 ( 61.8% retracement of $1352.61 and $1335)/$1352. The minor resistance is around $1323.60 (55- day EMA )/

Short term weakness only below $1300. 

It is good to sell on rallies around $1325 with SL  around $1332 for the TP of $1311/$1306
nice
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
台灣
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