Gold - rebound from rising trend line, points northwards

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Resistance- $1270, $1284, $1295-1300

support - $1260, $1253, $1247

  • Gold's rebound from rising trend line support despite bearish price RSI divergence seen on hourly chart indicates the bullish momentum is strong.
  • Prices have moved above $1263 and appear on track to test resistance at $1270. A day end closing above $1266 today would signal possible rally to $1284 levels.
  • On the other hand, an hourly closing below rising trend line (blue line on hourly) support at $1260 would also mark failure to sustain above falling trend line on daily chart and expose support at $1253-1247 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