FxWirePro
Long

Gold Daily Outlook

FX:XAUUSD   Gold / U.S. Dollar
310 0 1
Gold             is in consolidation phase around $1209 and $1183. It is likely to face strong resistance around $1209 ( 61.8% retracement of $1224 and $1183) and intraday trend reversal can happen only above that level.

On the upside short term resistance is around $1209 and any break above would extend gains till $1225.

The commodity minor support is around $1199 (20 day MA) and break below will target $1183/1178.

Overall bullishness can be seen only if it closes above $1228 (200 day MA)

Indicators ( Daily chart )

CCI (50) - Buy

Woodies CCI (14) - Neutral

Ichimoku - Neutral

We prefer to go long only above $1209 for the target of $1225 with stop around $1200.




United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out