Gold: Trade setup (Buy above 200 HMA)

FX:XAUUSD   Gold Spot / U.S. Dollar
518 0 16
Major resistance - $1325 (200 HMA )

The yellow metal has made a high of $1324.36 yesterday and slightly declined from that level. It is currently trading around $1319.29.

Any short term weakness can be seen only below $1312 ( trend line joining $1310.70 and $1312.31).The break below short-term support $1312 will drag the commodity down till $1305/1297 ( 61.8% retracement of $1250 and $1375).

On the higher side, major intraday resistance is around $1325 (200 HMA ) and any indicative break above $1324 targets $1336/$1350.

It is good to buy above $1325 with SL around $1312 for the TP of $1336/$1350.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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