Gold buyers exhausted, south direction to take prices at 1323.92

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
The shiny metal went past the 1355 level on friday and on the same day reverted back to end the day on a negative note, which indicated that the buyers ran out of steam. Today, the prices breached the immediate intra - day support of 1337.88, which further supports the bears. Moreover, on daily basis, the prices are showing divergence with the RSI indicators, extending support to the bearish outlook for gold . I think the prices will touch the 1323.92 support before we can see any upwards movement in XAUUSD . on reaching this level RSI would also be at support of 60. If the prices break further below this level, next target will be at 1310.16.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out