“¢ The precious metal built on its recent bullish trajectory from six-week lows and continued gaining traction on Wednesday, marking the third day of positive momentum in the previous four. “¢ The overnight sustained move above a confluence resistance – comprising of 200-hour SMA and 23.6% Fibo. level of the $1347-$1280 recent downfall was seen as a key trigger for bullish traders. “¢ The fact that the commodity has found acceptance above 38.2% Fibo. level support prospects for further up-move, though slightly overbought conditions on hourly charts might cap gains. “¢ Meanwhile, oscillators on the daily chart have just started gaining positive momentum and might prompt dip-buying interest for a move towards 50% Fibo. level around the $1313-14 region. Gold 1-hourly chart XAU/USD Overview: Today Last Price: 1308.16 Today Daily change %: 0.53% Today Daily Open: 1301.3 Trends: Daily SMA20: 1311.59 Daily SMA50: 1303.15 Daily SMA100: 1269.06 Daily SMA200: 1238.14 Levels: Previous Daily High: 1302.15 Previous Daily Low: 1292.97 Previous Weekly High: 1300.7 Previous Weekly Low: 1280.1 Previous Monthly High: 1346.85 Previous Monthly Low: 1300.1 Daily Fibonacci 38.2%: 1298.64 Daily Fibonacci 61.8%: 1296.48 Daily Pivot Point S1: 1295.46 Daily Pivot Point S2: 1289.63 Daily Pivot Point S3: 1286.28 Daily Pivot Point R1: 1304.64 Daily Pivot Point R2: 1307.99 Daily Pivot Point R3: 1313.82 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 ECB: TLTRO-borrowing can even be negative – Rabobank FX Street 4 years "¢ The precious metal built on its recent bullish trajectory from six-week lows and continued gaining traction on Wednesday, marking the third day of positive momentum in the previous four. "¢ The overnight sustained move above a confluence resistance - comprising of 200-hour SMA and 23.6% Fibo. level of the $1347-$1280 recent downfall was seen as a key trigger for bullish traders. "¢ The fact that the commodity has found acceptance above 38.2% Fibo. level support prospects for further up-move, though slightly overbought conditions on hourly charts might cap gains. "¢ Meanwhile,… 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.
