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GOLD - USD
GOLD - USD
Ticker: XAUUSD ISIN: Type: Commodities
Open: 1,217.53
Change: -8.55
Volume: 332,489
High: 1,207.44
Low: 1,218.67
High / Low range: 11.23
1,208.99 USD (-0.70%) 2017-01-24 19:22:38 Real time - Gold & Silver Spot

GOLD - USD - Gold is Ready to Surpass $1,165 - Daily

The precious metal added more than 9% to its value over the last year, however, it recorded the third red month in a row and met a fresh 11-month low at $1,122 support level. The XAU/USD pair is trading in a downward move following the bounce off the $1,375 resistance level.

On the short-term basis, the metal started a correction to the upside and if the price surpasses the $1,165 resistance barrier, it will open the door for the $1,197 handle which overlaps with the 100-weekly SMA but the 50-daily SMA seems to be an obstacle for the bulls. Technical indicators on the daily chart are biased higher as the MACD oscillator is rising and is approaching its mid-level. The RSI indicator is pointing upwards suggesting a stronger metal in the next few sessions.
GOLD - USD - Daily
GOLD - USD live chart
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