FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
293 0 11
Major support - $1242 (90- W EMA ).

The yellow metal plummeted on Tuesday and continued to decline till Friday. It has closed around $1257.39 slightly below 200- day MA ($1259.95).

Gold             has declined sharply on account of strong U.S Dollar. U.S Dollar index             ( DXY             ) gained sharply from the low of 95.42 made on previous week till 97.19 this week.

The yellow metal has gained slightly in the today’s Asian session till $1264.50 at the time of writing.

The precious metal’s minor resistance is around $1273 and any violation above targets $1280(200- W MA)/ $1289 (3- W EMA )/$1299 (Weekly Tenken-Sen).It should close above $1300 for further bullishness.

On the lower side $1242 (90- W EMA ) will be acting as major support any break below targets $1235/$1203 (100 W MA).

It is good to buy on dips around $1255-58 with SL around $1240 for the TP of $1280/$1299
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