Gold is nearly 2% higher on the session as stocks sell-off and the USD weakens. There is a key resistance nearby if the bulls can manage to keep up this momentum. XAU/USD 4-Hour Chart On the chart below you can see a big broadening pattern. Gold is heading to the top of the pattern but there are some levels in the way. $1,689.40 per ounce is one of those big levels that would need to be broken. USD/JPY has fallen along with stocks to confirm this is a decent risk-off move. If the level mentioned above does break then that would take gold to a price not seen since January 2013. Traders are keeping a close eye on coronavirus headline to keep the bull run going. Additonal 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 GBP/USD Price Analysis: Cable pushes higher but watch out for the resistance FX Street 3 years Gold is nearly 2% higher on the session as stocks sell-off and the USD weakens. There is a key resistance nearby if the bulls can manage to keep up this momentum. XAU/USD 4-Hour Chart On the chart below you can see a big broadening pattern. Gold is heading to the top of the pattern but there are some levels in the way. $1,689.40 per ounce is one of those big levels that would need to be broken. USD/JPY has fallen along with stocks to confirm this is a decent risk-off move. If the level mentioned above does break then that… 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.
