“¢ The precious metal struggled to build on overnight strong upsurge to 1-1/2 week tops and remained capped below an important resistance, held since early August. “¢ Technical indicators on hourly charts are holding in bullish territory but are yet to catch up on the daily chart and seemed to be the only factor keeping a lid on the up-move. “¢ Meanwhile, the risk-on mood was largely offset by some renewed USD selling and might now help limit any meaningful downside for the dollar-denominated commodity. “¢ The fact that the commodity is trading well above important intraday moving averages – 50, 100 & 200-hour SMA, support prospects for further appreciating the move. “¢ A convincing break through the mentioned barrier would add credence to the constructive outlook and trigger a near-term short-covering rally further beyond 100-day SMA. Gold daily chart Spot Rate: $1203.80 Daily High: $1208.30 Trend: Turning bullish Resistance R1: $1210 (2-month old hurdle) R2: $1215.46 (100-day SMA) R3: $1220.33 (R2 daily pivot-point) Support S1: $1200 (psychological mark) S2: $1195.76 (200-period SMA H1) S3: $1191.37 (S1 daily pivot-point) 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 GBP/USD remains upside corrective – Commerzbank FX Street 4 years "¢ The precious metal struggled to build on overnight strong upsurge to 1-1/2 week tops and remained capped below an important resistance, held since early August. "¢ Technical indicators on hourly charts are holding in bullish territory but are yet to catch up on the daily chart and seemed to be the only factor keeping a lid on the up-move. "¢ Meanwhile, the risk-on mood was largely offset by some renewed USD selling and might now help limit any meaningful downside for the dollar-denominated commodity. "¢ The fact that the… 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.
