“¢ The precious metal witnessed a goodish intraday bounce from ascending trend-line support held since the beginning of this week and has now turned positive for the fourth consecutive session. “¢ The mentioned support coincides with another ascending trend-line, extending from monthly lows, and also nears 200-hour SMA, which should now act as a key pivotal point for short-term traders. “¢ Meanwhile, oscillators on hourly charts have just started gaining traction but maintained their neutral bias on the daily chart, suggesting indecision about the commodity’s near-term trajectory. “¢ Hence, it would be prudent to wait for a convincing break – either below the mentioned confluence support or above the recent swing high, before determining the next leg of a directional move. 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 HSBC: FOMC dots likely to show possibility of further rate hikes FX Street 4 years "¢ The precious metal witnessed a goodish intraday bounce from ascending trend-line support held since the beginning of this week and has now turned positive for the fourth consecutive session. "¢ The mentioned support coincides with another ascending trend-line, extending from monthly lows, and also nears 200-hour SMA, which should now act as a key pivotal point for short-term traders. "¢ Meanwhile, oscillators on hourly charts have just started gaining traction but maintained their neutral bias on the daily chart, suggesting indecision about the commodity's near-term trajectory. "¢ Hence, it would be… 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.
