1,739.21 USD (+0.51%)
Real time data - Gold & Silver Spot
Open: 1,736.16
Change: +8.88
Volume: 24,683
Low: 1,732.46
High: 1,740.64
High / Low range: 8.18
Type: Commodities
Ticker: XAUUSD

GOLD - USD - Is Jumping Higher and Successfully Hit Our Target at $1,301! - 10/16/2017

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  • Timeframe : Daily

GOLD - USD - Daily
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The yellow metal is covering some losses of the previous month and completed a bullish week, surging more than 2%. On the weekly timeframe, the XAU/USD pair is developing within an uptrend since December 2016, confirmed by rising highs and rising bottoms. Over the last ten months, the price rose more than 11%.

The week before the price managed to challenge our suggested target at $1,301 (see technical analysis here: and now is jumping above the 50-day SMA. Our forecast is a run until the $1,314 resistance level. The RSI indicator is pointing slightly to the north, whilst the MACD oscillator is rising in the negative territory, on the daily timeframe.
This member declared not having a position on this financial instrument or a related financial instrument.

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