Gold holds well above $1300

June 29, 2016

Major support - $1292 (200 HMA). The yellow metal has once again recovered after making low of $1305. It is currently trading around $1318.91. In hourly chart gold is trading slightly above Tenkan-Sen ($1315.56) and Kijun-Sen ($1313.62).

On the lower side, major support is around $1292 (200 HMA) any break below targets $1278 (daily Kjun-Sen) /$1259 (61.8% retracement of $1200 and $1358). The major resistance is around $1335 (161.8% retracement of $1358 and $1314) and any break above targets $1358 (24th Jun 2016 high)/$1372 (1.272% retracement of $1358 and $1305.38).

It is good to buy at dips around $1310 with SL around $1290 for the TP of $1335/$1358

Publication source
Vinson Financials Ltd information  Vinson Financials Ltd reviews

October 24, 2016
Dollar at a 3-week winning streak
The US dollar completed three weeks of back to back gains with the US dollar index seen trading above the 98.55 handle. Without any pullback so far, further upside could come at a significant risk...
October 24, 2016
Golden week for dollar but USD/JPY bucks trend
It has been a very good week for the US dollar and a really bad one for the euro and Canadian dollar, among others. The rally has lifted the Dollar Index to its highest level since early February and possibly on course to 100...
October 21, 2016
EUR/USD remained unchanged after the ECB
The price maintained its bearish tone on Thursday. The EUR/USD pair stayed around its recent lows during the day. The euro slightly strengthened towards 1.1000 ahead of the US opening. The 50-EMA limited the euro recovery in the 1 hour chart...

HotForex Rating
FBS Rating
FIBO Group Rating
Vantage FX Rating
Orbex Rating
XM Rating

OptionBit Rating
Porter Finance Rating
Banc De Binary Rating
TopOption Rating
24option Rating
Grand Option Rating