FxWirePro
Short

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

FX_IDC:XAUUSD   Gold / 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
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
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 Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out