Oct 27 2017

Buy Gold(XAUUSD) at current market 1267 for a target of 1282

Gold(XAUUSD) – On a daily chart Gold seems to take support near current levels, one can notice the black colored 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 39.44mark. We suggest to stay on buy side.

Trade Idea:- Buy Gold(XAUUSD) at current market 1267 for a target of 1282 with a stop loss of 1258.

Good Luck…!