The USD, gold’s biggest nemesis, took a beating yesterday. As a result, the yellow jumped from $1,214 to $1,237. As of writing, it is trading at $1,232/Oz and has created a falling wedge pattern on the 15-minute chart. A break above the upper edge of the wedge, currently at $1,233, would signal a resumption of the rally and open up upside toward $1,250. On the way higher, the metal may encounter resistance at yesterday’s high of $1,237. The higher lows pattern on the daily chart indicates the falling wedge is more likely to be breached on the higher side. 15-minute chart Trend: Bullish XAU/USD Overview: Last Price: 1231.46 Daily change: -1.7e+2 pips Daily change: -0.141% Daily Open: 1233.2 Trends: Daily SMA20: 1226.46 Daily SMA50: 1209.96 Daily SMA100: 1207.03 Daily SMA200: 1247.31 Levels: Daily High: 1237.6 Daily Low: 1214.4 Weekly High: 1243.43 Weekly Low: 1219.9 Monthly High: 1243.43 Monthly Low: 1182.54 Daily Fibonacci 38.2%: 1228.74 Daily Fibonacci 61.8%: 1223.26 Daily Pivot Point S1: 1219.2 Daily Pivot Point S2: 1205.2 Daily Pivot Point S3: 1196 Daily Pivot Point R1: 1242.4 Daily Pivot Point R2: 1251.6 Daily Pivot Point R3: 1265.6 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 Australia: Soft retail sales data – Westpac FX Street 4 years The USD, gold's biggest nemesis, took a beating yesterday. As a result, the yellow jumped from $1,214 to $1,237. As of writing, it is trading at $1,232/Oz and has created a falling wedge pattern on the 15-minute chart. A break above the upper edge of the wedge, currently at $1,233, would signal a resumption of the rally and open up upside toward $1,250. On the way higher, the metal may encounter resistance at yesterday's high of $1,237. The higher lows pattern on the daily chart indicates the falling wedge is more likely to be breached on the higher side. 15-minute… 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.
