Gold’s sell-off has stalled around $1,205 – the lowest level since July 2017, possibly due to hourly relative strength index reporting oversold conditions. However, bears remain in control as indicated by the long-run bearish breakdown on the monthly chart. Hourly chart Current Price: $1,207 Daily High: $1,210 Daily Low: $1,206 Trend: Minor corrective rally likely, still overall bearish Resistance R1: $1,211 (July 19 low) R2: $1,215 (5-day moving average) R3: $1,220 (10-day moving average) Support S1: $1,205 (July 10, 2017 low) S2: $1,200 (psychological support) S3: $1,195 (March 10, 2017 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 AUD: 3 Reasons For Support From Here – MUFG Yohay Elam 5 years Gold's sell-off has stalled around $1,205 - the lowest level since July 2017, possibly due to hourly relative strength index reporting oversold conditions. However, bears remain in control as indicated by the long-run bearish breakdown on the monthly chart. Hourly chart Current Price: $1,207 Daily High: $1,210 Daily Low: $1,206 Trend: Minor corrective rally likely, still overall bearish Resistance R1: $1,211 (July 19 low) R2: $1,215 (5-day moving average) R3: $1,220 (10-day moving average) Support S1: $1,205 (July 10, 2017 low) S2: $1,200 (psychological support) S3: $1,195 (March 10, 2017 low) 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.
