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TipTVFinance TipTVFinance GOLD, D,
GOLD: Gold eyes support at $1239
42 0 6
GOLD, D
Gold eyes support at $1239

Gold’s fourth failure to hold above 200-DMA in two weeks, despite US-Syria tensions coupled with the fact that Friday’s daily close was below 200-DMA suggests the prices could be heading lower to support at $1239. On a larger scheme of things, the outlook would turn bearish only after a daily close below $1239.

TipTVFinance TipTVFinance GOLD, 240,
GOLD: Gold – 200-DMA could be breached
67 0 1
GOLD, 240
Gold – 200-DMA could be breached

Gold’s rebound from $1250 levels in Asian session today when viewed in light of Friday’s bullish price RSI divergence on the 4-hr chart suggests the metal is likely to target 200-DMA stationed at $1263 levels and may even breach it for a further rally to $1270 levels. On the lower side, only a break below $1240 would signal resumption of the sell-off from late ...

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