The gold rose from trading now near $1225 per ounce, After it could show this week ability to hold a place above its daily SMA50 and its daily SMA100 by rebounding from $1211.24 per ounce.
XAUUSD is trading now in its ninth day of being above its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today $1205.
The daily chart of XAUUSD shows that its RSI-14 is inside its neutral area reading 52.721.
XAUUSD daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line inside its neutral territory reading 66.691 and leading to the upside the signal line which is lower in the same region at 48.942, After positive crossover inside the neutral region by stepping on $1211.24 per ounce.
Important levels: Daily SMA50 @ $1215, Daily SMA100 @ $1210 and Daily SMA200 @ $1258
The Closest Experienced S&R:
S1: $1211.24
S2: $1195.75
S3: $1180.76
R1: $1243.40
R2: $1265.93
R3: $1272.88
Have a good day
Kind Regards
Global Market Strategist of FX-Recommends
Walid Salah El Din
XAUUSD is trading now in its ninth day of being above its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today $1205.
The daily chart of XAUUSD shows that its RSI-14 is inside its neutral area reading 52.721.
XAUUSD daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line inside its neutral territory reading 66.691 and leading to the upside the signal line which is lower in the same region at 48.942, After positive crossover inside the neutral region by stepping on $1211.24 per ounce.
Important levels: Daily SMA50 @ $1215, Daily SMA100 @ $1210 and Daily SMA200 @ $1258
The Closest Experienced S&R:
S1: $1211.24
S2: $1195.75
S3: $1180.76
R1: $1243.40
R2: $1265.93
R3: $1272.88
Have a good day
Kind Regards
Global Market Strategist of FX-Recommends
Walid Salah El Din