“¢  Barring Wednesday’s knee-jerk spike to three-week tops, the precious metal has been oscillating well within a broader trading range since the beginning of this week.    “¢  Meanwhile, bulls have been showing some resilience below 100-hour SMA and any subsequent downtick remained limited near a short-term ascending trend-line. Technical indicators on hourly charts held in the bullish territory but have struggled to gain positive traction, which coupled with neutral oscillators on the daily chart have failed to inspire bullish traders or provide any meaningful impetus. Hence, it would be prudent to wait for a sustained move beyond the $1388-90 horizontal zone before traders start positioning aggressively for a further near-term appreciating move towards reclaiming the key $1300 psychological mark.  On the flip side, weakness below 100-hour SMA might continue to find some fresh buying near the trend-line support, which if broken might prompt some technical selling and drag the commodity further towards $1277-76 horizontal support. Gold 1-hourly chart  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 Eurozone: Inflation under the microscope – Danske Bank FX Street 3 years   "¢  Barring Wednesday's knee-jerk spike to three-week tops, the precious metal has been oscillating well within a broader trading range since the beginning of this week.    "¢  Meanwhile, bulls have been showing some resilience below 100-hour SMA and any subsequent downtick remained limited near a short-term ascending trend-line. Technical indicators on hourly charts held in the bullish territory but have struggled to gain positive traction, which coupled with neutral oscillators on the daily chart have failed to inspire bullish traders or provide any meaningful impetus. Hence, it would be prudent to wait for a sustained… 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.
