TipTVFinance

Gold – 100-DMA support stands exposed

FX_IDC:XAUUSD   GOLD / US DOLLAR
Resistance

$1324 (5-DMA)

$1330 (10-DMA)

$1334 (50-DMA)

Support

$1313 (yesterday’s low)

$1305 (100-DMA)

$1300 (zero figure)

Despite rebound from $1313 yesterday, the subsequent rejection at 5-DMA yesterday followed by a failure to hold above 5-DMA seen today suggests the larger down trend from the high of $1352 levels remains intact and the daily 100-MA level of $1305 could be put to test.

On the upside, a rise above $1334 (50-DMA) risks sending the prices higher to $1352 levels, but reckon the hurlde would hold on caution ahead of next week’s FOMC rate decision.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex 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 Account and Billing Sign Out