Gold’s (XAU/USD) technical recovery is gathering upside traction. The metal is attempting a break above the 100-hour moving average (MA). The hourly RSI is biased to the bulls, indicates the scope for further gains. Death cross confirmation – a contrarian study, also favors a corrective rally. Hourly chart Source: Netdania Current Price: $1,271 Daily High: $1,272 Daily Low: $1,268.67 Trend: Bullish Resistance R1: $1,275 (resistance on the hourly chart) R2: $1,282.50 (200-hour MA) R3: $1,2833 (June 1 low) Support S1: $1,267 (50-hour MA) S2: $1,261 (last week’s low) S3: $1,234 (200-week MA) 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 PBoC: RRR cut sends a clear signal of policy easing – Nomura FX Street 3 years Gold's (XAU/USD) technical recovery is gathering upside traction. The metal is attempting a break above the 100-hour moving average (MA). The hourly RSI is biased to the bulls, indicates the scope for further gains. Death cross confirmation - a contrarian study, also favors a corrective rally. Hourly chart Source: Netdania Current Price: $1,271 Daily High: $1,272 Daily Low: $1,268.67 Trend: Bullish Resistance R1: $1,275 (resistance on the hourly chart) R2: $1,282.50 (200-hour MA) R3: $1,2833 (June 1 low) Support S1: $1,267 (50-hour MA) S2: $1,261 (last week's low) S3: $1,234 (200-week MA) 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.
