The next stop for Gold bears on the radar is a 38.2% Fibo retracement down at 1446. Bulls will need to get back above 1,550 which then guards prospects for 1,590. The price of gold has sunk to the 23.6% Fibonacci retracement of the April-May and summer swing highs of 2019 with the next stop on the radar as being a 38.2% Fibo retracement down at 1446. On a correction, however, the 21-day moving average is key on the upside, but the bears can approach 1,478 as the 13 August volatility spike low which guards the 19 July swing highs at 1,452.93. at this juncture. Bulls will need to get back above 1,550 which then guards prospects for 1,590 as the 127.2% Fibo target area. Gold’s Daily 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 ECB: Expect a “significant easing package” – Goldman Sachs FX Street 4 years The next stop for Gold bears on the radar is a 38.2% Fibo retracement down at 1446. Bulls will need to get back above 1,550 which then guards prospects for 1,590. The price of gold has sunk to the 23.6% Fibonacci retracement of the April-May and summer swing highs of 2019 with the next stop on the radar as being a 38.2% Fibo retracement down at 1446. On a correction, however, the 21-day moving average is key on the upside, but the bears can approach 1,478 as the 13 August volatility spike low which guards the 19 July swing highs… 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.
