Gold seems set to end the day near $1,223.00/oz, which was a consolidation area last Friday suggesting that the market is pretty much in equilibrium. Bears need to breakout below 1,220.90 July 18 low, in order to confirm the bearish bias while bulls need a breakout above the 1,225.90 level. Gold is currently finding dynamic support at the 100 and 50-period simple moving averages. Gold 15-minute chart Spot rate: 1,223.10 Relative change: 0.03% High: 1,225.10 Low: 1,218.89 Trend: Bearish to neutral Resistance 1: 1,225.90 July 17 low Resistance 2: 1,232.00 consolidation area Resistance 3: 1,236.28 July 13 low, key level Resistance 4: 1,241.50 intraday swing lowResistance 5: 1,245.65 June 28 low Support 1: 1,223.00 consolidation area Support 2: 1,220.90 July 18 low Support 3: 1,211.17 current 2018 low Support 4: 1,204.00 July 10, 2017 swing low 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 Russia: Next rate cut to happen in 2019 – Danske Bank FX Street 5 years Gold seems set to end the day near $1,223.00/oz, which was a consolidation area last Friday suggesting that the market is pretty much in equilibrium. Bears need to breakout below 1,220.90 July 18 low, in order to confirm the bearish bias while bulls need a breakout above the 1,225.90 level. Gold is currently finding dynamic support at the 100 and 50-period simple moving averages. Gold 15-minute chart Spot rate: 1,223.10 Relative change: 0.03% High: … 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.