Gold leaves behind initial losses and advances modestly on Wednesday, regaining the $2,920 zone per troy ounce after the US ISM Services PMI signalled a pick-up in services inflation and employment in February.
The daily chart for XAU/USD shows it trades around its daily opening, while an intraday dip was quickly reverted, suggesting buyers are taking advantage of dips. The same chart shows Gold develops above all its moving averages, with a flat 20 Simple Moving Average (SMA) providing near-term support at around $2,906.25. Technical indicators, in the meantime, have turned directionless, with the Momentum indicator stuck around its 100 leve
Xauusd sell 2922
Support 2900
Resistance 2935
The daily chart for XAU/USD shows it trades around its daily opening, while an intraday dip was quickly reverted, suggesting buyers are taking advantage of dips. The same chart shows Gold develops above all its moving averages, with a flat 20 Simple Moving Average (SMA) providing near-term support at around $2,906.25. Technical indicators, in the meantime, have turned directionless, with the Momentum indicator stuck around its 100 leve
Xauusd sell 2922
Support 2900
Resistance 2935
Trade active
Xauusd sell 60 pips done Trade closed: target reached
Support hit 220 pips done Note
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Gold free signal Note
Xauusd sell 
Gold signal
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Gold signal
t.me/ProTrader_9
My Channel Link
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Check My Performance
t.me/ProTrader_9
My Channel Link
t.me/ProTrader_9
Check My Performance
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.