“¢ Reviving USD demand prompts some aggressive selling and drags the commodity below last Thursday’s swing low level of $1261.38, to fresh YTD lows. “¢ Formation of a death-cross on the daily chart and a decisive break below a medium-term ascending trend-line suggests a continuation of the bearish trajectory. “¢ Near-term oversold conditions do little to lend any support, albeit might turn out to be the only factor that could help limit sharp downside. Gold daily chart Current Price: $1258 Daily High: $1268 Trend: Bearish Resistance R1: $1261 (previous YTD low set last week) R2: $1268 (current day swing high) R3: $1273 (38.2% Fibo. level of the $1123-$1366 up-move) Support S1: $1252 (Horizontal level) S2: $1244 (50% Fibo. level) S3: $1236 (Dec. 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 BOE’s Haskel: Depending on Brexit negotiations, expect a temporary lull in UK economy FX Street 3 years "¢ Reviving USD demand prompts some aggressive selling and drags the commodity below last Thursday's swing low level of $1261.38, to fresh YTD lows. "¢ Formation of a death-cross on the daily chart and a decisive break below a medium-term ascending trend-line suggests a continuation of the bearish trajectory. "¢ Near-term oversold conditions do little to lend any support, albeit might turn out to be the only factor that could help limit sharp downside. Gold daily chart Current Price: $1258 Daily High: $1268 Trend: Bearish Resistance R1: $1261 (previous YTD low set last… Top 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.
