FxWirePro
Long

Buy Gold above $1327

FX_IDC:XAUUSD   GOLD / US DOLLAR
275 0 10
Major resistance- $1326.50 (21- day MA)

Major support -$1315 (trend line joining $1047 and $1199)

The yellow metal has taken support near trend line support at $1315 and slightly recovered from that level. It is currently trading around $1323.55.

In the daily chart , Gold             is facing strong resistance at $1327 (21- day MA). Any break above will take the yellow metal to next immediate resistance at$1342/$1349/$1352/$1357 in the short term.

The major support is around $1315 (trend line joining $1047 and $1199) and any break below targets $1310/$1308 (100- day MA).

Short term weakness only below $1300.

It is good to buy above $1327 with SL around $1315 for the TP of $1340/$1349.
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