Gold daily chart Gold is on bid near $1301.50 during early Asian trading on Wednesday. 23.6% Fibonacci retracement of its August 2018 to February 2019 upside at $1303, followed by 50-day simple moving average (SMA) figure of $1303.50, can act as nearby resistance. A break of $1303.50 can escalate a recent recovery towards $1308 and $1313. Meanwhile, $1295, $1286 and $1280 may limit immediate downside ahead of highlighting 100-day SMA level at $1270. Should prices slid under $1270, 50% Fibonacci retracement near $1253.50 and an ascending trend-line estd. since mid-August could question bears’ strength near $1247. Gold 4-Hour chart On H4, $1302.50 – $1303 region including February lows may act as adjacent resistance before propelling the quote to $1303.50. Alternatively, $1290 can act as an intermediate halt between $1295 and $1286. Gold hourly chart Short-term “rising wedge” resistance can confine nearby upside at $1302. Break of $1295 confirms the bearish formation targeting $1283. 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 DASH market overview: DASH/USD price keeps on surging up FX Street 4 years Gold daily chart Gold is on bid near $1301.50 during early Asian trading on Wednesday. 23.6% Fibonacci retracement of its August 2018 to February 2019 upside at $1303, followed by 50-day simple moving average (SMA) figure of $1303.50, can act as nearby resistance. A break of $1303.50 can escalate a recent recovery towards $1308 and $1313. Meanwhile, $1295, $1286 and $1280 may limit immediate downside ahead of highlighting 100-day SMA level at $1270. Should prices slid under $1270, 50% Fibonacci retracement near $1253.50 and an ascending trend-line estd. since mid-August could question bears' strength near $1247. Gold 4-Hour chart… 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.
