Gold (XAU/USD) is attempting to base but will need to close above 1766 to confirm, Karen Jones, Team Head FICC Technical Analysis Research, informs. See – Gold Price Analysis: XAU/USD to race higher towards $2000 by year-end – DBS Bank 2019-2021 support line comes in at 1688.50 “Gold continues to hold over the 1670.49 June low and looks to be attempting to base near term at 1677.73/1676.80. The 2020-2021 uptrend is also in this vicinity at 1688.50.” “Further upside attempts look likely and attention has reverted to the 1765.24/61 November low and May 2020 high. Only a close above here will negate downside pressure and convince us there is scope to recover to the 1816.21 23rd February high and the 200-day ma at 1858.” “Below 1670 lies the 50 % retracement of the 2018-2021 advance at 1616.18. Below it the September 2019 high can be seen at 1557.29.” 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 NZD/USD to reach the 0.72 level by the end of the second quarter – TDS FX Street 2 years Gold (XAU/USD) is attempting to base but will need to close above 1766 to confirm, Karen Jones, Team Head FICC Technical Analysis Research, informs. See - Gold Price Analysis: XAU/USD to race higher towards $2000 by year-end - DBS Bank 2019-2021 support line comes in at 1688.50 "Gold continues to hold over the 1670.49 June low and looks to be attempting to base near term at 1677.73/1676.80. The 2020-2021 uptrend is also in this vicinity at 1688.50." "Further upside attempts look likely and attention has reverted to the 1765.24/61 November low and May 2020 high. Only a close above… 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.
