GOLDGRAM
Long

Gold price strong recovery

OANDA:XAUUSD   Gold Spot / U.S. Dollar

Gold prices has recovered after the release of the US inflation data, consequently weakening the dollar. Brexit vote has further strengthened the yellow metal, causing it to rise by 1.07% and settling at $1,304.

China continue to boost up gold reserve as part of its anti dollar push
On technical perspectives, in Fibonacci retracement current price is moving in 0.5% directing to
0.61 $1,310.49 as new Resistance line and $1,303.37 as support line.
And 20EMA is moving below the current price indicating to hold the price on bullish condition.
However , STochRSI is moving on overbought territory .

Hit like and Follow
Cheers,
Please take a look at our idea and let us know what you think!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out