Gold is trading in a bear trend but has been trapped in a range between 1,180.00 and $1,210.00 a troy ounce for several weeks. Gold is breaking out towards the higher part of the range as it is trading near 1,200.00. The next target is 1,211.17 (July 19 low). Since the range has been holding for so many weeks it remains to be seen what happens if the market reaches 1,211.17 resistance Gold 4-hour chart Spot rate: 1,201.00 Relative change: 1.09% High: 1,202.00 Low: 1,188.10 Main trend: Bearish Short-term trend: Bullish Resistance 1: 1,204.10, August 3 swing low (key level) Resistance 2: 1,211.17 July 19 low Resistance 3: 1,214.30 August 28 high Resistance 4: 1,217.89-1,220.90 zone, August 6 high and July 18 low Resistance 5: 1,225.90 July 17 low Resistance 6: 1,237.60 July 3 swing low Support 1: 1,194.30 March 10, 2017 low Support 2: 1,189.49 September 4 low Support 3: 1,182.90 August 24 low Support 4: 1,172.82 current 2018 low Support 5: 1,145.20 March, 1 2017 low 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 Moody’s: Doubtful of Italy reforms, plays down Euro exit risk FX Street 4 years Gold is trading in a bear trend but has been trapped in a range between 1,180.00 and $1,210.00 a troy ounce for several weeks. Gold is breaking out towards the higher part of the range as it is trading near 1,200.00. The next target is 1,211.17 (July 19 low). Since the range has been holding for so many weeks it remains to be seen what happens if the market reaches 1,211.17 resistance Gold 4-hour chart Spot rate: 1,201.00 Relative change: 1.09% High: … 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.
