Gold is at 7 year highs and approaching its next resistance at 1735, per Commerzbank. Key quotes “Gold is at 7 year highs and is poised to encounter the next band of resistance at 1734/35, the 78.6% retracement of the move down from 2011 to 2005.” “The 1734/35 zone guards the 1792/1803 highs (October 2012 and November 2011 highs). These are considered to be the last defence for the 1921.50 September 2011 high.” “A longer term positive bias will be preserved while above the 1474/1445 supports.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Coronavirus: Differences between the 2008 crisis and the coronacrisis – Natixis FX Street 2 years Gold is at 7 year highs and approaching its next resistance at 1735, per Commerzbank. Key quotes “Gold is at 7 year highs and is poised to encounter the next band of resistance at 1734/35, the 78.6% retracement of the move down from 2011 to 2005.” “The 1734/35 zone guards the 1792/1803 highs (October 2012 and November 2011 highs). These are considered to be the last defence for the 1921.50 September 2011 high.” “A longer term positive bias will be preserved while above the 1474/1445 supports.” Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
