FxWirePro
Long

Buy Gold above $1260

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
264 0 4
Major Intraday Resistance- $1260 ( trend line joining $1277 and $1265).

Major support - $1249.60 (Oct 6th low).

The yellow metal formed a temporary bottom around $1250 and is struggling to break below that level. It is currently trading around $1256.15.

On the higher side, minor trend line resistance at $1260 will be acting as near-term resistance and any break above targets $1265/$1278 (55- 4 H EMA ) in the short term.

The support is around $1249.60 and any break below will drag the commodity down till $1241/$1225 (161.8% retracement of $1241 and $1264.95).

It is good to buy above $1260 with SL around $1250 for the TP of $1278
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