TipTVFinance

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

FX_IDC:XAUUSD   GOLD / US 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.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock 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 Billing Sign Out