Weaker Dollar and lower US yields continue to drive gold prices higher. XAU/USD heads for the highest close since April 2013. Gold rose further during the American session favored by the combination of an improvement in risk sentiment, a weaker US Dollar and also a decline in US yields. The bullish bias was reinforced after the breakout above $1,550/oz. Gold Keeps shinning On Tuesday, Gold found resistance below $1,550 and earlier today pulled back to $1,533 from where it rebounded sharply to the upside. To move higher was strong enough to break above the $1,550 barrier. XAU/USD peaked at $1,556 reaching the highest intraday level since April 2013. Near the end of the session, it is hovering around daily highs, consolidating a $20 rebound from the lows. If it remains able to hold on top of $1,550 it would point to further gains. The next resistance could be seen at $1,560 followed by $1,585. A slide back below $1,550 would remove some of the bullish pressure. The critical short-term support is located at $1,530: a break lower could expose $1,500. More Levels 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 UK lawmakers approve Brexit delay law at final House of Commons stage FX Street 4 years Weaker Dollar and lower US yields continue to drive gold prices higher. XAU/USD heads for the highest close since April 2013. Gold rose further during the American session favored by the combination of an improvement in risk sentiment, a weaker US Dollar and also a decline in US yields. The bullish bias was reinforced after the breakout above $1,550/oz. Gold Keeps shinning On Tuesday, Gold found resistance below $1,550 and earlier today pulled back to $1,533 from where it rebounded sharply to the upside. To move higher was strong enough to break above the $1,550 barrier.… 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.
