Wall Street turns negative, recovery of the US dollar eases. Gold remains sideways, now testing level above range. Gold is hovering around $1885, posting a gain of 0.65% on a quiet day. The yellow metal is breaking to the upside, a trading range, following a quick drop to $1871. It rebounded rapidly back to the $1880 zone. The move lower took place as Wall Street indexes turned negative. The Dow Jones is now down by 0.05%; earlier, it hit record highs. The US dollar recovered ground with the slide in stocks. The DXY rose back to 90.00; it is still down 0.35% for the day but off lows. From a technical perspective, XAU/USD is moving sideways to bullish. It made a false breakout of an uptrend line with the spike to $1871. As of writing, it is testing levels above the short-term range between $1875 and $1883. In the daily chart, the direction is unclear. The December rally found resistance at $1900. It is a shortened week for financial markets. It is already having an impact on volume. The correlation between the FX market, stocks, and gold are weak on Tuesday. Technical 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: Pro-Brexit lawmakers to back EU-UK trade deal FX Street 1 year Wall Street turns negative, recovery of the US dollar eases. Gold remains sideways, now testing level above range. Gold is hovering around $1885, posting a gain of 0.65% on a quiet day. The yellow metal is breaking to the upside, a trading range, following a quick drop to $1871. It rebounded rapidly back to the $1880 zone. The move lower took place as Wall Street indexes turned negative. The Dow Jones is now down by 0.05%; earlier, it hit record highs. The US dollar recovered ground with the slide in stocks. The DXY rose back to 90.00; it is still… 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.
