Gold trades a shade lower than the $1330 during the early Asian session on Wednesday. On Tuesday, the bullion bounced off the thirteen-month-old descending trend-line support, previously acting as a resistance. Considering the recent U-turn and a gradual increase in 14-day relative strength index (RSI), the quote is likely to revisit $1334, $1337 and $1346 nearby resistances. In case buyers continue dominating past-$1346, $1357, $1362 and $1366 might appear on their radar. Given the precious metal’s slide under $1322 support-line, an upward sloping trend-line at $1316 that joins lows marked since November 2018 becomes crucial for the traders. Should there be a daily closing under $1316, $1302 and 50-day simple moving average (SMA) figure of $1297.85 may please the sellers. Gold daily chart XAU/USD Overview: Today Last Price: 1328.81 Today Daily change: 1.69 pips Today Daily change %: 0.13% Today Daily Open: 1327.12 Trends: Daily SMA20: 1319.06 Daily SMA50: 1295.9 Daily SMA100: 1261.29 Daily SMA200: 1234.89 Levels: Previous Daily High: 1332.58 Previous Daily Low: 1325.32 Previous Weekly High: 1346.85 Previous Weekly Low: 1320.72 Previous Monthly High: 1326.25 Previous Monthly Low: 1275.9 Daily Fibonacci 38.2%: 1328.1 Daily Fibonacci 61.8%: 1329.81 Daily Pivot Point S1: 1324.11 Daily Pivot Point S2: 1321.09 Daily Pivot Point S3: 1316.85 Daily Pivot Point R1: 1331.36 Daily Pivot Point R2: 1335.6 Daily Pivot Point R3: 1338.62 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 BTC/USD faces huge stack of resistance up front with little support – Confluence Detector FX Street 4 years Gold trades a shade lower than the $1330 during the early Asian session on Wednesday. On Tuesday, the bullion bounced off the thirteen-month-old descending trend-line support, previously acting as a resistance. Considering the recent U-turn and a gradual increase in 14-day relative strength index (RSI), the quote is likely to revisit $1334, $1337 and $1346 nearby resistances. In case buyers continue dominating past-$1346, $1357, $1362 and $1366 might appear on their radar. Given the precious metal's slide under $1322 support-line, an upward sloping trend-line at $1316 that joins lows marked since November 2018 becomes crucial for the traders. Should there… 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.
