Gold prices remain on the back foot for second consecutive day. Sustained break of six-week-old support line, now resistance, keeps the sellers hopeful. 200-bar EMA adds to the upside barriers, August month’s low offer extra support. Gold remains mildly heavy around $1,910, down 0.11% on a day, while heading into Tuesday’s European session. The bullion slumped the most since August 19 the previous day after breaking a 1.5-month-old ascending trend line. Although counter-trend traders tried to recover losses from $1,882 while reaching $1,920, failures to cross the previous support line keeps the bears hopeful. Hence, gold sellers are currently targeting the $1,900 psychological magnet before the previous day’s low of $1,882. Though, any further downside will have to respect August month’s bottom surrounding $1,863, if not then the early-July tops near $1,818 will return to the charts. In a case where the fresh pullback moves cross the immediate resistance line around $1,928/29, the 200-bar EMA level of $1,938 can question the buyers. If at all the upside momentum stays strong beyond $1,938, the previous week’s high around $1,973 will lure the bulls. It’s worth mentioning that the RSI conditions may probe bears below the $1,900 round-figures. Gold four-hour chart Trend: Bearish 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 USD/CAD consolidated in a range near 6-week tops, comfortably above 1.3300 mark FX Street 2 years Gold prices remain on the back foot for second consecutive day. Sustained break of six-week-old support line, now resistance, keeps the sellers hopeful. 200-bar EMA adds to the upside barriers, August month’s low offer extra support. Gold remains mildly heavy around $1,910, down 0.11% on a day, while heading into Tuesday’s European session. The bullion slumped the most since August 19 the previous day after breaking a 1.5-month-old ascending trend line. Although counter-trend traders tried to recover losses from $1,882 while reaching $1,920, failures to cross the previous support line keeps the bears hopeful. Hence, gold sellers are currently targeting… 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.