Gold - Sell on rallies (Intraday)
Gold - Sell on rallies (US session)
Gold pared some of its gains on the strong US dollar. It hit a low of $2499.90 and is currently trading around $2500.
The yellow metal trades below 34 and 55 H EMA in the hourly chart ($2513 and $2512). Any violation below $2498 (200- H MA) confirms further weakness. A dip to $2490/$2470 is possible.
US dollar index- It has gained more than 50 pips from yesterday’s close of 100.51. Any break above 101.40 confirms minor bullishness.
The yellow metal faces minor resistance around $2513 and a breach above will take it to the next level of $2525/$2535/$2554.
It is good to sell on rallies at $2500 with SL around $2512 for a TP of $2470.
Gold pared some of its gains on the strong US dollar. It hit a low of $2499.90 and is currently trading around $2500.
The yellow metal trades below 34 and 55 H EMA in the hourly chart ($2513 and $2512). Any violation below $2498 (200- H MA) confirms further weakness. A dip to $2490/$2470 is possible.
US dollar index- It has gained more than 50 pips from yesterday’s close of 100.51. Any break above 101.40 confirms minor bullishness.
The yellow metal faces minor resistance around $2513 and a breach above will take it to the next level of $2525/$2535/$2554.
It is good to sell on rallies at $2500 with SL around $2512 for a TP of $2470.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.