Gold Technical Analysis: 100-day SMA, 11-week-old trendline, cap immediate recovery Prices are likely to revisit the 38.2% Fibonacci retracement of April-September upside movement, at $1,445. However, a downward sloping trend-line since August 13, at $1,429, followed by a 50% Fibonacci retracement level of $1,410 limits the bullion’s further declines. Read more”¦ Gold consolidates the New York rally in $1,470s, bulls look to a 61.8% Fibo target Spot gold is currently trading between a range of $1471.56 and $1475.43, buoyed by a slightly risk-off session overnight following Sino/US trade deal headlines and pessimism as well as a weakening in the greenback and US yields. Read more… Gold: Supported by the risk tone The mind boggles, but I would say $1,557 (high for this year) will be challenged. Let’s not make assumptions or get too far down the road before we check the rearview mirror because the Brexit & HK issues are still clouding things at the same time as we seem so far yet so near a trade deal (finally) being inked between the US & China. Read more… 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 EUR/USD meets resistance near 1.1080 ahead of data FX Street 3 years Gold Technical Analysis: 100-day SMA, 11-week-old trendline, cap immediate recovery Prices are likely to revisit the 38.2% Fibonacci retracement of April-September upside movement, at $1,445. However, a downward sloping trend-line since August 13, at $1,429, followed by a 50% Fibonacci retracement level of $1,410 limits the bullion's further declines. Read more"¦ Gold consolidates the New York rally in $1,470s, bulls look to a 61.8% Fibo target Spot gold is currently trading between a range of $1471.56 and $1475.43, buoyed by a slightly risk-off session overnight following Sino/US trade deal headlines and pessimism as well as a weakening in the greenback… 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.
