TipTVFinance

Gold – Fresh demand likely around 5-DMA

FX:XAUUSD   Gold / U.S. Dollar
Gold’s rebound from rising trend line support last week followed by a sharp rise on Friday above 23.6% Fibo of $1333 indicates the strength in the uptrend and suggests the dip towards $1138 (5-DMA + upper end of the expanding triangle) could see fresh demand.

A rebound from $1338 followed by a break above Friday’s high of $1354 would open doors for $1363-1370 levels.

On the lower side, a day end closing below $1338 could yield a re-test of rising trend line support over the next few days.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
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 Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out