Gold faces some pressure

Gold faces some pressure

Trade idea

SELL 1239.80; TP1 1237.90; TP2 1233; SL 1242

BUY 1246; TP1 1250; SL 1244

Gold is correcting down after its previous advance. The metal is now trading below October high at 1243.35.

It looks like the correction may take XAU/USD down to the 200-week MA at 1233. A decline below 1238 will open the way down to this level.

XAUUSDWeekly.png

An advance above 1245.60 is necessary to open the way up to the recent high at 1250 and the 200-day MA at 1254.

XAUUSDH4.png

Similar

Latest news

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera