TipTVFinance

Gold – Awaits breakout from falling channel likely

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
  • Dollar’s failure to latch on to post NFP gains led to a sharp recovery in gold             from intraday low of $1334.90 to $1370.
  • Gold’s sharp recovery from $1334.90 if followed by a bullish break from hourly falling channel (on hourly closing basis) would suggest the minor corrective rally has ended and could yield a test of $1380 (38.2% of 2011 high-2015 low) in the coming week.
  • On the lower side, it would take a day end closing below $1329 to signal end of the rising trend.
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
台灣
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