FxWirePro
Short

Gold faces strong support at 21-day MA,break below targets $1322

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
303 0 6
Major support – $1332 (21-day MA).

Major support - $1358

The yellow metal has declined till $1335 and slightly recovered till $1339.35 at the time of writing . It is currently trading around $1346.30.

Gold             should break below $1332 (21- day MA) for further weakness.Any break below 21- day MA will drag the yellow metal down till $1322 ( 61.8% retracement of $1352.63 and $1302.60)/$1315/$1311.

Gold             is facing major intraday resistance around $1345 ( 61.8% retracement of $1352.61 and $1335) and any break above targets $1352/$1358.

Short term weakness only below $1300.

It is good to sell below 1332 with SL around $1340 for the TP of $1322/$1315
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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