“¢ The precious metal rallied hard to near three-week tops in a knee-jerk reaction to softer-than-expected US CPI figures, which dampened expectations for a faster pace of Fed rate hikes. “¢ The positive momentum once again stalled near an eight-week-old trading range resistance amid a modest USD recovery and goodish pickup in the US equity markets. “¢ Meanwhile, technical indicators on hourly/daily charts have started gaining positive momentum and thus, increase prospects for a near-term bullish breakout. “¢ However, it would be prudent to wait for a sustained move beyond the mentioned barrier before traders start positioning for any further near-term appreciating move. Gold daily chart XAU/USD Overview: Last Price: 1209 Daily change: 1.4e+3 pips Daily change: 1.21% Daily Open: 1194.57 Trends: Daily SMA20: 1196.79 Daily SMA50: 1198.28 Daily SMA100: 1210.71 Daily SMA200: 1259.49 Levels: Daily High: 1195 Daily Low: 1185.1 Weekly High: 1208.6 Weekly Low: 1184.3 Monthly High: 1212.64 Monthly Low: 1180.63 Daily Fibonacci 38.2%: 1191.22 Daily Fibonacci 61.8%: 1188.88 Daily Pivot Point S1: 1188.11 Daily Pivot Point S2: 1181.66 Daily Pivot Point S3: 1178.21 Daily Pivot Point R1: 1198.01 Daily Pivot Point R2: 1201.46 Daily Pivot Point R3: 1207.91 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 DXY Technical Analysis: Correction lower met support in the 95.00 neighbourhood FX Street 5 years "¢ The precious metal rallied hard to near three-week tops in a knee-jerk reaction to softer-than-expected US CPI figures, which dampened expectations for a faster pace of Fed rate hikes. "¢ The positive momentum once again stalled near an eight-week-old trading range resistance amid a modest USD recovery and goodish pickup in the US equity markets. "¢ Meanwhile, technical indicators on hourly/daily charts have started gaining positive momentum and thus, increase prospects for a near-term bullish breakout. "¢ However, it would be prudent to wait for a sustained move beyond the… 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.
