TipTVFinance

Gold – rebound from rising trend line

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold’s rebound from rising trend line (drawn from June 6 low and June 24 low) amid post Fed sell-off in USD suggest prices could have formed a short-term bottom at $1370.71 (July 21 low), but reckon the weak momentum in Asia and early Europe would lead to choppy trading.

Further gains are seen following a quick drop to $1333.62 (23.6% Fibo) followed by a rebound above $1342 would open doors for $1358 (June 24 high).

On the other hand, a break below $1333.62 could yield a re-test of rising trend line level of $1325/Oz levels.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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