Gold’s (XAU/USD) hourly chart shows a downside break of the rising wedge-like pattern, meaning the corrective rally, as represented by the upside break of the falling trendline, has ended and the 2018 low of $1,211 has ended. The hourly RSI remains below 50.00 in favor of the bears. Hourly chart Current Price: $1,224 Daily High: $1,224.75 Daily Low: $1,222.20 Trend: Bearish Resistance R1: $1,227 (10-day moving average) R2: $1,235 (previous day’s high) R3: $1,238 (July 3 low) Support S1: $1,222.40 (previous day’s low) S2: $1,218.30 (July 24 low) S3: $1,211 (July 19 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 Australia: Inflation takes centre stage – Westpac FX Street 5 years Gold's (XAU/USD) hourly chart shows a downside break of the rising wedge-like pattern, meaning the corrective rally, as represented by the upside break of the falling trendline, has ended and the 2018 low of $1,211 has ended. The hourly RSI remains below 50.00 in favor of the bears. Hourly chart Current Price: $1,224 Daily High: $1,224.75 Daily Low: $1,222.20 Trend: Bearish Resistance R1: $1,227 (10-day moving average) R2: $1,235 (previous day's high) R3: $1,238 (July 3 low) Support S1: $1,222.40 (previous day's low) S2: $1,218.30 (July 24 low) S3: $1,211 (July 19 low) 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.
