gold advise

It has almost reached $1,310 and the overall move to the downside will likely continue for now.

It continues testing $1,310, if it breaks out below that level it will probably reach $1,300.

Gold is consolidating above $1,300, the question now is whether it will be able to break out below that support level.

Gold has re bounded,eur/usd on the move again sweet!

GOLD: Tumbles Lower, Extends Weakness (today)

GOLD: The commodity retains its downside short term as it sold off on Thurs leaving risk of more upside pressure. On the downside, support comes in at the 1,300.00 level where a break will turn attention to the 1,290.00 level. Further down, a cut through here will open the door for a move lower towards the 1,280.00 level. Below here if seen could trigger further downside pressure towards the 1,270.00 level. Conversely, resistance resides at the 1,310.00 level where a break will aim at the 1,320.00 level. A turn above there will expose the 1,330.00 level. Further out, resistance stands at the 1,340.00 level. All in all, GOLD looks to strengthen further.

Source: https://www.fxdailyinfo.com/?p=forex-analysis&id=5461

Main source: fxdailyinfo.com in forex analysis

Gold is quite bearish indeed, but it still hasn't been able to break out below $1,310 - $1,300 and that is unlikely to happen before the market closes today,

Gold bounced off from $1,327 again and it will likely continue falling towards $1,300.

$1,317 proved to be a pretty strong support, Gold is back to testing the resistance at $1,335. If it breaks out above it the precious metal could rally to $1,350.

Good rally on gold while the Dollar retraces to the downside. The challenge now for the price of gold is to break above the 1350 level. The 1300 level is still its most relevant support.

Today gold news

Gold and silver got a lift from higher demand for precious metals on Tuesday and a weaker dollar index.

MCX Gold futures were trading up 0.19 per cent, or Rs 58, at Rs 30,409 per 10 grams at around 10.35 am (IST). MCX Silver futures were higher 0.27 per cent, or Rs 103, at Rs 38,734 per 1 kg.

collected

Gold bounced off from $1,340 and is currently still moving to the downside, next target will likely be at $1,315.

Gold has almost reached its target at $1,315, the question is whether it will break out below that level.

😄

Gold bounced off from $1,315 - $1,312 yet again and it will likely move to the upside back towards $1,340.

still wait for 1306 target ...

It may not reach it at all and continue moving to the upside instead.

Gold bounce off from $1,315 once again and it may continue rising towards $1,335 - $1,340. The sideways consolidation continues for now.

The sideways consolidation is getting tighter and tighter, the question is where will be the breakout.

Gold is testing the support at $1,150 yet again, but whether it will finally be able to break out below that support level is uncertain.