Gold is trading in a bull trend above its 200-period simple moving average (SMA) on the 4-hour chart. Gold retraced to the 1,220.90 support level. Bulls might try to support the market here. The RSI, MACD and Stochastic indicators are negative suggesting potential continued bearish momentum. However, a break below the level can open the doors to 1,211.80 (October 31 low). Gold 4-hour chart Main trend: Bullish Resistance 1: 1,237.60 July 3 swing low Resistance 2: 1,250.00 figure Resistance 3: 1,265.90 July high Resistance 4: 1,300.00 figure Support 1: 1,220.90 July 18 low Support 2: 1,211.80 October 31 low Support 3: 1,204.10, August 3 swing low (key level) Support 4: 1,182.90 August 24 low Support 5: 1,172.82 current 2018 low Additional key levels at a glance: XAU/USD Overview: Last Price: 1223.58 Daily change: -2.5e+2 pips Daily change: -0.203% Daily Open: 1226.07 Trends: Daily SMA20: 1227.93 Daily SMA50: 1212.41 Daily SMA100: 1207.17 Daily SMA200: 1244.95 Levels: Daily High: 1236.6 Daily Low: 1222.7 Weekly High: 1237.6 Weekly Low: 1211.8 Monthly High: 1243.43 Monthly Low: 1182.54 Daily Fibonacci 38.2%: 1228.01 Daily Fibonacci 61.8%: 1231.29 Daily Pivot Point S1: 1220.31 Daily Pivot Point S2: 1214.56 Daily Pivot Point S3: 1206.41 Daily Pivot Point R1: 1234.21 Daily Pivot Point R2: 1242.36 Daily Pivot Point R3: 1248.11 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 USD/MXN hits 1-week highs above 20.00 after a sharp reversal FX Street 4 years Gold is trading in a bull trend above its 200-period simple moving average (SMA) on the 4-hour chart. Gold retraced to the 1,220.90 support level. Bulls might try to support the market here. The RSI, MACD and Stochastic indicators are negative suggesting potential continued bearish momentum. However, a break below the level can open the doors to 1,211.80 (October 31 low). Gold 4-hour chart Main trend: Bullish Resistance 1: 1,237.60 July 3 swing low Resistance 2: 1,250.00 figure Resistance 3:… 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.
