The 21-day moving average has been crossed but the bulls need a close above 1520. Persistent failures below 1520, and for that matter, 1535, will open up prospects for a bearish run again. Bulls buffed up their bids overnight and stepped in below 1500 the figure as the pair slid on broad US dollar strength. 1487 was the lows until the price got back over the line, albeit still a stretch from the gain line as being the 3rd October highs of 1519. At this juncture, the 21-day moving average has been crossed but the bulls need a close above 1520 to open prospects for the 1535 resistance. Persistent failures below 1520, and for that matter, 1535, will open up prospects for a bearish run again. Bears can target a break to below a 50% mean reversion of the late June swing lows to recent highs around 1460/70. On the wide, the 200-DMA is located at 1380 meeting a 61.8% retracement of the April lows to Aug/Sep double top highs – a key target for the bulls, located in the 1550s. Gold daily chart 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 EUR/GBP technical analysis: Bulls challenge 100-DMA, await a sustained move beyond 0.90 handle FX Street 3 years The 21-day moving average has been crossed but the bulls need a close above 1520. Persistent failures below 1520, and for that matter, 1535, will open up prospects for a bearish run again. Bulls buffed up their bids overnight and stepped in below 1500 the figure as the pair slid on broad US dollar strength. 1487 was the lows until the price got back over the line, albeit still a stretch from the gain line as being the 3rd October highs of 1519. At this juncture, the 21-day moving average has been crossed but the bulls need a close… 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.
