Nov 06 2017

Buy Gold(XAUUSD) at current market 1269 for a target of 1284

Gold(XAUUSD) – On a daily chart Gold seems to take support near current levels, one can notice the black coloured line in which higher lows are connected with an upward sloping trend-line. Relative Strength Index is indicating the metal to rebound, as it is hovering close to its oversold region currently at 42.22mark. We suggest to stay on buy side.

Trade Idea:- Buy Gold(XAUUSD) at current market 1269 for a target of 1284 with a stop loss of 1262.

Good Luck…!