FxWirePro
Long

Gold Daily Outlook

FX:XAUUSD   Gold/U.S. Dollar
266 0 2
Gold             is trading above $1200 (20 day 4HMA) and it indicates short-term bullishness a jump till $1244 cannot be ruled out.

On the downside any intraday trend reversal can happens only below $1200.Below $1200 it can reach till $1190/$1178.

The short term resistance is around $1225 and any break above will extend gains till $1244 ( 61.8% retracement of 1307 and 1142).

Indicators (4 Hour chart)
CCI (50) - Buy
CCI (14) - Buy
CCI (14)-Buy

Recommendation: Buy Gold             around $1210, SL $1199, Target $1243.



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 Account and Billing Sign Out