Gold stays under bearish pressure below the 1480 resistance level. The level to beat for sellers is the 1445 swing low. Gold daily chart Gold is starting the week trading close to its lowest point in 2-months while trading below the 50 and 100 SMAs on the daily chart. The metal is trading in a bull flag, printing lower lows and lower highs. The $1480 per troy ounce level near the 100 SMA, is the first resistance of relevance. The bulls are, for the time being, absent and bears are likely looking for a breakdown below the 1445 swing low. If the breakout turns out to be successful, the next main support on the way down can be located near the 1400 handle. On the flip side, if the market breaks beyond the 1480 resistance level on a daily closing basis, gold could start resuming the underlying bull trend and rise towards the 1520 level. 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 UK election: PM Johnson Conservatives’ lead narrows to only 7 points FX Street 3 years Gold stays under bearish pressure below the 1480 resistance level. The level to beat for sellers is the 1445 swing low. Gold daily chart Gold is starting the week trading close to its lowest point in 2-months while trading below the 50 and 100 SMAs on the daily chart. The metal is trading in a bull flag, printing lower lows and lower highs. The $1480 per troy ounce level near the 100 SMA, is the first resistance of relevance. The bulls are, for the time being, absent and bears are likely looking for a breakdown below… 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.
