Gold is looking oversold as per the hourly chart relative strength index (RSI). Notably, a bullish RSI divergence would be confirmed if the current or the next hourly candle report gains, without printing lows below the session low of $1,215. The action on the hourly chart indicates the pullback from the recent highs above $1,.243 could be nearing an end, however, only an acceptance above the falling trendline would put the bulls back into the driver’s seat. A break above the falling trendline will likely remain elusive if the US employment cost index, due for release at 12:30 GMT, indicates that wage-price inflation picked up the pace in the third quarter. Hourly Chart Trend: Consolidation XAU/USD Overview: Last Price: 1217.64 Daily change: -5.4e+2 pips Daily change: -0.438% Daily Open: 1223 Trends: Daily SMA20: 1226.14 Daily SMA50: 1208.88 Daily SMA100: 1207.1 Daily SMA200: 1248.52 Levels: Daily High: 1230.58 Daily Low: 1219.6 Weekly High: 1243.43 Weekly Low: 1219.9 Monthly High: 1212.64 Monthly Low: 1180.63 Daily Fibonacci 38.2%: 1223.79 Daily Fibonacci 61.8%: 1226.39 Daily Pivot Point S1: 1218.21 Daily Pivot Point S2: 1213.41 Daily Pivot Point S3: 1207.23 Daily Pivot Point R1: 1229.19 Daily Pivot Point R2: 1235.37 Daily Pivot Point R3: 1240.17 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 China factory expansion slowest in two years, exports slump picks up speed – Reuters FX Street 4 years Gold is looking oversold as per the hourly chart relative strength index (RSI). Notably, a bullish RSI divergence would be confirmed if the current or the next hourly candle report gains, without printing lows below the session low of $1,215. The action on the hourly chart indicates the pullback from the recent highs above $1,.243 could be nearing an end, however, only an acceptance above the falling trendline would put the bulls back into the driver's seat. A break above the falling trendline will likely remain elusive if the US employment cost index, due for release at 12:30 GMT, indicates… 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.
