FxWirePro
Long

Gold: Trade using 55- H EMA ,CCI (50) and ADX

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
251 0 4
Major Intraday Support - $1292 (55- H EMA )

Major resistance- $1308

The yellow metal breaks major psychological $1300 and jumped till $1307.78 yesterday.

On the higher side, major resistance is around $1308 ( 50% retracement of $1375 and $1241) and any break above will take the yellow metal till $1315/$1323.

The minor support is at $1292 and any violation below will drag the yellow metal down till $1282 ( 38.2% retracement of $1241 and $1307.99)/$1275 (200- HMA ).

CCI (50) - Buy

ADX- Buy (strength is declining)

It is good to buy on dips around $1300 with SL around $1292 for the TP of $1314/$1322
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