FxWirePro
Short

Gold struggles to break above 21- day MA,good to sell on rallies

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
222 0 7
Major resistance - $1332 (21- day MA)

The yellow metal has recovered till $1326.16 yesterday and declined from that level. It is currently trading around $1321.

The major support is around $1307 (90- day EMA ) and any break below that level will drag the yellow metal down till $1297 (23.6% retracement of $1375 and $1047)/$1285 ( 50% retracement of $1199 and $1375.

Gold             is facing major intraday resistance around $1330 (21- day MA) and any break above targets $1345 ( 61.8% retracement of $1352.61 and $1335)/$1352.

Short term weakness only below $1300.

It is good to sell on rallies around $1325 with SL around $1332 for the TP of $1314/$1307
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
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