Gold probes intraday high, snaps two day downtrend. Sustained trading below 50-day, 21-day SMAs, challenge buyers amid normal RSI conditions. Two-week-old horizontal support, 200-day SMA on the bears’ radars. Gold rises to $1,838.60, up 0.15% intraday, during early Friday. The yellow metal recently refreshed the day’s high to $1,839.55, which in turn allowed it to defy the previous two days’ downside momentum. However, 21-day SMA, currently around $1,841, guards the immediate upside amid normal RSI conditions. Even if the gold buyers manage to cross $1,841, 50-day SMA near $1,875 and the mid-November top near $1,900 will test the metal’s upside momentum. Meanwhile, a sustained trading below the key short-term SMAs directs the quote towards lows marked during late November, around $1,818/17. In a case where the gold sellers dominate past-$1,817, the 200-day SMA level of $1,809 and the $1,800 round-figure will provide strong support to prices. Gold daily chart Trend: Pullback expected 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 PBOC sets yuan reference rate at 6.5405 FX Street 2 years Gold probes intraday high, snaps two day downtrend. Sustained trading below 50-day, 21-day SMAs, challenge buyers amid normal RSI conditions. Two-week-old horizontal support, 200-day SMA on the bears’ radars. Gold rises to $1,838.60, up 0.15% intraday, during early Friday. The yellow metal recently refreshed the day’s high to $1,839.55, which in turn allowed it to defy the previous two days’ downside momentum. However, 21-day SMA, currently around $1,841, guards the immediate upside amid normal RSI conditions. Even if the gold buyers manage to cross $1,841, 50-day SMA near $1,875 and the mid-November top near $1,900 will test the metal’s upside… 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.
