“¢ The precious metal regained positive traction on Wednesday and is now holding comfortably above a short-term descending trend-line resistance. “¢ With short-term technical indicators gaining positive momentum, a follow-through up-move beyond 200-hour SMA adds credence to the bullish breakout. “¢ Hence, an extension of the positive momentum, led by some fresh technical buying, now looks a distinct possibility. Gold 1-hourly chart Spot rate: $1232 Daily Low: $1223 Trend: Bullish Resistance R1: $1235 (weekly tops set on Monday) R2: $1242 (20-day SMA) R3: $1248 (horizontal zone) Support S1: $1227 (horizontal zone) S2: $1223 (recent daily closing low) S3: $1218 (overnight swing low) 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 Gold: downside pressure mitigated above $1,236 – Commerzbank FX Street 5 years "¢ The precious metal regained positive traction on Wednesday and is now holding comfortably above a short-term descending trend-line resistance. "¢ With short-term technical indicators gaining positive momentum, a follow-through up-move beyond 200-hour SMA adds credence to the bullish breakout. "¢ Hence, an extension of the positive momentum, led by some fresh technical buying, now looks a distinct possibility. Gold 1-hourly chart Spot rate: $1232 Daily Low: $1223 Trend: Bullish Resistance R1: $1235 (weekly tops set on Monday) R2: $1242 (20-day SMA) R3: $1248 (horizontal zone) Support S1: $1227 (horizontal zone) S2: $1223… 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.
