TipTVFinance

Gold – Tug of war between Bulls and Bears continues..

FX_IDC:XAUUSD   Gold / U.S. Dollar
Resistance – 1263, 1270, 1283

Support – 1238, 1227, 1220

  • We were expecting prices to drift lower to H&S neckline, however, weaker rebound in US durable goods orders triggered wave of USD selling. Consequently, metal jumped above 50-DMA.
  • On intraday basis – repeated failure to dip below $1227 (23.6% of Dec             low-Mar high) followed by a recovery today above 50-DMA could yield $1250 levels.
  • On larger scheme of things, bulls need a break above $1263 and bears would cheer break below $1227.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out