Gold flat for the day, still testing the $1,900 zone. Weaker US dollar and risk appetite support upside in metals. The recovery in gold after last week sharp decline continues to be capped by the $1,900/oz area. Recently, boosted by a slide of the US dollar, XAU/USD rose to $1,902 reaching the highest level in a week, but it failed to hold above $1,900 and pulled back. The DXY fell to the lowest in a week under 93.70. In Wall Street, equity prices are sharply higher the day after the first presidential debate. The Dow Jones is rising 1.80%, and the S&P 500 climbs 1.50%. The combination of a weaker US dollar and risk appetite helped gold move off lows, but metals are in negative territory for the day. XAU/USD is trading at $1,895, holding a bullish intraday tone. In order to clear the way to more gains, it needs to consolidate above $1,900. The key support to the very short-term bullish bias is seen at the 20-SMA in the 4-hour chart around $1,880 and also at $1,875. Below the last one, another test of the $1,850 area seems likely. XAU/USD 4-hour chart 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 Ripple Price Analysis: XRP sits at a critical point to determine its future FX Street 2 years Gold flat for the day, still testing the $1,900 zone. Weaker US dollar and risk appetite support upside in metals. The recovery in gold after last week sharp decline continues to be capped by the $1,900/oz area. Recently, boosted by a slide of the US dollar, XAU/USD rose to $1,902 reaching the highest level in a week, but it failed to hold above $1,900 and pulled back. The DXY fell to the lowest in a week under 93.70. In Wall Street, equity prices are sharply higher the day after the first presidential debate. The Dow Jones is rising 1.80%, and… 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.
