Gold Intraday trade idea (Buy on dips)
Intraday trend – Bullish (based on linear regression)
Minor resistance - $1165 (channel top)
Major support - $1139 (200- H MA)
Gold made a slight jump from the low of $1149 made yesterday. The yellow metal jumped till $1158.74.
The intraday trend is slightly bullish as long as support $1147 (100- HMA) holds and any break above will drag the yellow metal down till $1139/$1122 level. The minor support stands at 1154.A slight weakness can be seen till $1147/$1139.
The precious metal should break above $1165 for further bullishness. Any break above $1165 will take the precious metal to next level till $1171 (61.8% retracement of $1163.21 and $1149)/$1188.
It is good to buy on dips around $1155-$1157 with SL around $1147 for the TP of $1165/$1180
Minor resistance - $1165 (channel top)
Major support - $1139 (200- H MA)
Gold made a slight jump from the low of $1149 made yesterday. The yellow metal jumped till $1158.74.
The intraday trend is slightly bullish as long as support $1147 (100- HMA) holds and any break above will drag the yellow metal down till $1139/$1122 level. The minor support stands at 1154.A slight weakness can be seen till $1147/$1139.
The precious metal should break above $1165 for further bullishness. Any break above $1165 will take the precious metal to next level till $1171 (61.8% retracement of $1163.21 and $1149)/$1188.
It is good to buy on dips around $1155-$1157 with SL around $1147 for the TP of $1165/$1180
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.