“¢ The precious metal failed to capitalize on the overnight positive move and once again faced rejection – for the second time in the past one week or so, near 200-period SMA on the 4-hourly chart. “¢ The corrective slide has now dragged the commodity closer to a one-week-old ascending trend-line, which if broken might negate any near-term bearish bias and pave the way for further downside. “¢ Technical indicators on the 1-hourly chart have started gaining negative momentum but maintained their neutral bias on 4-hourly/daily charts, warranting caution before placing aggressive bearish bets. “¢ Hence, it would be prudent to wait for a convincing break through the mentioned support before positioning for an eventual slide below the key $1300 psychological mark towards testing $1295 support. Gold 4-hourly chart 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 EU’s Juncker: ‘Highly probable’ that UK will not leave EU on March 29, GBP unfazed FX Street 4 years "¢ The precious metal failed to capitalize on the overnight positive move and once again faced rejection - for the second time in the past one week or so, near 200-period SMA on the 4-hourly chart. "¢ The corrective slide has now dragged the commodity closer to a one-week-old ascending trend-line, which if broken might negate any near-term bearish bias and pave the way for further downside. "¢ Technical indicators on the 1-hourly chart have started gaining negative momentum but maintained their neutral bias on 4-hourly/daily charts, warranting caution before placing aggressive bearish bets.… 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.
