“¢ The precious metal continued with its range-bound price action through the mid-European session, albeit has managed to hold its neck above 100-period SMA. “¢ With technical indicators on the 1-hourly chart holding comfortably in positive territory, a follow-through up-move beyond 200-period SMA now seems to pave the way for an additional near-term recovery move. “¢ However, easing USD bearish pressure could turn out to be the only factor capping any meaningful up-move for the dollar-denominated commodity. Gold 1-hourly chart Spot rate: $1231.66 Daily High: $1235.16 Daily Low: $1228.07 Trend: Slightly bullish Resistance R1: $1236 (200-period SMA H1) R2: $1241 (horizontal zone) R3: $1245 (20-day SMA) Support S1: $1227 (100-period SMA H1) S2: $1223 (horizontal zone) S3: $1216 (Friday’s 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 Japan: Growing angst over BoJ policy – TDS FX Street 5 years "¢ The precious metal continued with its range-bound price action through the mid-European session, albeit has managed to hold its neck above 100-period SMA. "¢ With technical indicators on the 1-hourly chart holding comfortably in positive territory, a follow-through up-move beyond 200-period SMA now seems to pave the way for an additional near-term recovery move. "¢ However, easing USD bearish pressure could turn out to be the only factor capping any meaningful up-move for the dollar-denominated commodity. Gold 1-hourly chart Spot rate: $1231.66 Daily High: $1235.16 Daily Low: $1228.07 Trend: Slightly bullish… 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.
