The 200-hour moving average (MA) line is capping gains for the fourth consecutive trading day. While the pullback from the recent highs above $1,345 seems to have run out of steam at the key moving average support, a break above $1,333 is needed to confirm a bullish reversal. At press time, gold is trading at $1,328 and the 200-hour MA line is located at $1,326. Hourly chart Trend: Bullish above $1,333 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 USD/JPY hits session lows as S&P 500 futures drop, Indo-Pak tensions flare FX Street 4 years The 200-hour moving average (MA) line is capping gains for the fourth consecutive trading day. While the pullback from the recent highs above $1,345 seems to have run out of steam at the key moving average support, a break above $1,333 is needed to confirm a bullish reversal. At press time, gold is trading at $1,328 and the 200-hour MA line is located at $1,326. Hourly chart Trend: Bullish above $1,333 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.
