Bulls keep hold of the reigns at the start of the week with the price holding $1,730. USD could be due for a significant correction on the daily chart. Both hourly and daily resistances are in focus. Gold bulls seek a test of hourly resistance ahead of a break of the daily 21 EMA. The following illustrates the market structure and where the next opportunity could come of a bullish surge. Gold, daily chart The price is holding daily support and there are prospects of an extension of the current correction. Gold, 1-hour chart DXY daily chart Meanwhile, there are bearish prospects at least for the meanwhile, as we approach quarter-end and the price as measured by the DXY starts to correct. If the bulls can hold and get above the current resistance, then there are meanwhile expectations of a test of prior resistance. 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 AUD/JPY Price Analysis: 100-SMA probes bulls below 84.00 FX Street 8 months Bulls keep hold of the reigns at the start of the week with the price holding $1,730. USD could be due for a significant correction on the daily chart. Both hourly and daily resistances are in focus. Gold bulls seek a test of hourly resistance ahead of a break of the daily 21 EMA. The following illustrates the market structure and where the next opportunity could come of a bullish surge. Gold, daily chart The price is holding daily support and there are prospects of an extension of the current correction. Gold, 1-hour chart DXY daily… Top 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.
