Back-to-back doji candles signal indecision in the marketplace. Gold finds no takers despite the Italian political crisis and trade tensions. Daily chart Current price: $1,300 Daily high: $1,305 Daily low: $1,300 Trend: sideways, indecisive market Resistance $1,305 (session high) $1,308 (200-day moving average) $1,319 (April 6 low) Support $1,298 (10-day MA) $1,292 (May 29 low) $1,282 (recent low) The doji candles signal indecision in the marketplace, but when viewed against the backdrop of the recovery from $1,282, the candlestick pattern indicates bullish exhaustion or indecision on whether to push prices above $1,302 (double top neckline) in a convincing manner. The metal’s reputation as a safe haven asset is at a risk as it failed to catch a bid earlier this week despite Italian political crisis and the risk aversion in the global markets. 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 China’s Commerce Ministry: China will reserve rights to release countermeasures FX Street 5 years Back-to-back doji candles signal indecision in the marketplace. Gold finds no takers despite the Italian political crisis and trade tensions. Daily chart Current price: $1,300 Daily high: $1,305 Daily low: $1,300 Trend: sideways, indecisive market Resistance $1,305 (session high) $1,308 (200-day moving average) $1,319 (April 6 low) Support $1,298 (10-day MA) $1,292 (May 29 low) $1,282 (recent low) The doji candles signal indecision in the marketplace, but when viewed against the backdrop of the recovery from $1,282, the candlestick pattern indicates bullish exhaustion or indecision on whether to push prices above $1,302 (double top neckline) in a convincing manner. 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.
