Gold gained more than $10 in early Europe and broke above $1,306 a troy ounce but bears quickly retraced the move back down. Gold failed to break above its 200-period simple moving average on the daily time-frame. The risk remains to the downside as gold is trading in a bear channel on the daily chart. Gold 15-minute chart Spot rate: 1,295.00 Relative change: -0.30% High: 1,306.41 Low: 1,297.62 Trend: Bearish Support 1: 1,290.00 previous congestion zone Support 2: 1,281.70 May 21 low Support 3: 1,260.10 October 6, 2017 low Resistance 1: 1,300.00 handle Resistance 2: 1,306.41 current Tuesday’s high Resistance 3: 1,325.91 May 11 high 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/TRY within a narrow range around 4.5800 FX Street 5 years Gold gained more than $10 in early Europe and broke above $1,306 a troy ounce but bears quickly retraced the move back down. Gold failed to break above its 200-period simple moving average on the daily time-frame. The risk remains to the downside as gold is trading in a bear channel on the daily chart. Gold 15-minute chart Spot rate: 1,295.00 Relative change: -0.30% High: 1,306.41 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.
