While above 1316, gold bulls are in control, currently challenging the 61.8% Fibo within the rising wedge formation, with targets set on the 78.6% Fibo. There is room here for a pullback to challenge the rising wedge’s support with stochastics overbought. 1323 ahead of 1332 guards the 2019 highs as being the 19th Feb high of 1345.19. On the downside, 1316 and 1302 are key. A break here will jeopardise the bullish Ichimoku Cloud and leave the outlook neutral with a bearish bias. 1298 and 1290 guard a run to 1280 as a keen target ahead of 1275 which remains the line in the sand to the downside. A break below here will put the attention back to the towards to 1250, a key confluence area made up of Fibos and prior support and resistance. 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 Fed’s Rosengren: Interest rate dot plot is not a promise of policy direction FX Street 4 years While above 1316, gold bulls are in control, currently challenging the 61.8% Fibo within the rising wedge formation, with targets set on the 78.6% Fibo. There is room here for a pullback to challenge the rising wedge's support with stochastics overbought. 1323 ahead of 1332 guards the 2019 highs as being the 19th Feb high of 1345.19. On the downside, 1316 and 1302 are key. A break here will jeopardise the bullish Ichimoku Cloud and leave the outlook neutral with a bearish bias. 1298 and 1290 guard a run to 1280 as a keen target ahead of 1275… 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.
