Gold is consolidating the rally of the last months while currently hovering below the 1,500 psychological mark. Gold remains under pressure below both the 1,5000 level and the 50-day SMA. Gold daily chart The yellow metal is trading in a bull trend above its 100 and 200-day simple moving averages (DSMAs). However, in the last weeks of trading, the safe-haven metal has been consolidating near $1,500 per troy ounce and below its 50 SMA on the daily chart. Gold four-hour chart Gold is trading below its 100 and 200 simple moving averages (SMAs) on the four-hour chart while remaining confined under the 1,500 psychological mark. The bias seems to be tilted to the downside in the medium term. A break below 1,475 can expose the 1,460 and 1,420 support levels. On the flip side, a daily closing above the 1,500 figure could trigger a correction towards the 1,510/1,520 resistance zone. Additional key levels 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 Boris Johnson faces growing Tory revolt over threat to hold General Election before Brexit – The Sun FX Street 3 years Gold is consolidating the rally of the last months while currently hovering below the 1,500 psychological mark. Gold remains under pressure below both the 1,5000 level and the 50-day SMA. Gold daily chart The yellow metal is trading in a bull trend above its 100 and 200-day simple moving averages (DSMAs). However, in the last weeks of trading, the safe-haven metal has been consolidating near $1,500 per troy ounce and below its 50 SMA on the daily chart. Gold four-hour chart Gold is trading below its 100 and 200 simple moving averages (SMAs) on the… 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.
