Currently, gold is trading at $1,250 – down 1.18 percent from the recent high of$1,265. The hourly chart shows a failed bull flag breakout. Further, prices have found acceptance below $1,252 – 50 percent Fibonacci retracement of the corrective rally. The corrective rally has stalled and a daily close below $1,238 would revive the bearish view. Hourly chart Current price: $1,250 Daily High: $1,256 Daily Low: $1,249 Trend: Neutral, corrective rally has stalled Resistance R1: $1,256 (session high) R2: $1,265.89 (July 9 high) R3: $1,282 (May 21 low) Support S1: $1,247 (previous day’s low) S2: $1,238 (July 3 low) S3: $1,235 (50-month moving average) 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 US Treasuries investors more neutral in latest week: survey – Reuters FX Street 4 years Currently, gold is trading at $1,250 - down 1.18 percent from the recent high of$1,265. The hourly chart shows a failed bull flag breakout. Further, prices have found acceptance below $1,252 - 50 percent Fibonacci retracement of the corrective rally. The corrective rally has stalled and a daily close below $1,238 would revive the bearish view. Hourly chart Current price: $1,250 Daily High: $1,256 Daily Low: $1,249 Trend: Neutral, corrective rally has stalled Resistance R1: $1,256 (session high) R2: $1,265.89 (July 9 high) R3: $1,282 (May 21 low) Support S1: $1,247 (previous day's low) S2: $1,238 (July 3 low) S3:… Top 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.
