Emas / Dollar A.S.
Penjualan

Gold - Sell on rallies (Intraday)

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Gold - Sell on rallies (US session)

Gold pared some of its gains on the strong US dollar. It hit a low of $2499.90 and is currently trading around $2500.

The yellow metal trades below 34 and 55 H EMA in the hourly chart ($2513 and $2512). Any violation below $2498 (200- H MA) confirms further weakness. A dip to $2490/$2470 is possible.

US dollar index- It has gained more than 50 pips from yesterday’s close of 100.51. Any break above 101.40 confirms minor bullishness.

The yellow metal faces minor resistance around $2513 and a breach above will take it to the next level of $2525/$2535/$2554.

It is good to sell on rallies at $2500 with SL around $2512 for a TP of $2470.

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