FxWirePro
Short

Gold Daily outlook

FX:XAUUSD   Gold Spot / U.S. Dollar
385 0 2
Gold             is struggling to close above $1200 for the past two days. This shows short term trend is slightly weak and decline till $1151 cannot be ruled out.

On the upside Gold             is facing resistance around $1212(20 day MA)-$1215 (100 day MA) and on break above would extend gains to $1225-$1232 ( 61.8% retracement of $1304.96 and $1188.385).

The commodity is facing support around $1190 and any further weakness can be seen only below that level. Any break below will target $1170/$1151.

Indicators ( Daily chart )
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell

Recommendation: Sell Gold             around $1203, SL $1226, Targets $1171/$1152.
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