Gold maintains the range above 23.6% Fibonacci retracement since the week’s start. The yellow metal lacks the strength to cross key upside barriers holding the keys to monthly top. Despite trading in a small range, Gold’s upside has fewer odds due to the key resistances standing untouched while the quote seesaws near $1,492 during early Friday. Among the upside barriers, 200-bar Simple Moving Average (SMA) level of 1,503 and a falling trend line since September 04, at $1,510 now, comes nearby. Should prices rally beyond $1,510, monthly top and 61.8% Fibonacci retracement of September-October declines, around $1,518/19, could question buyers targeting $1,535 and $1,557 numbers to the north. Meanwhile, a downside break below 23.6% Fibonacci retracement level of $1,479.50 can take aim at $1,465 and month’s low of $1,459. Gold 4-hour chart Trend: bearish 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 7.0690 FX Street 4 years Gold maintains the range above 23.6% Fibonacci retracement since the week's start. The yellow metal lacks the strength to cross key upside barriers holding the keys to monthly top. Despite trading in a small range, Gold's upside has fewer odds due to the key resistances standing untouched while the quote seesaws near $1,492 during early Friday. Among the upside barriers, 200-bar Simple Moving Average (SMA) level of 1,503 and a falling trend line since September 04, at $1,510 now, comes nearby. Should prices rally beyond $1,510, monthly top and 61.8% Fibonacci retracement of September-October declines, around $1,518/19, could question buyers… 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.
