Gold is trading in a sideways manner in a range of $1,181 to $1,186, having dropped sharply from highs above $1,195 yesterday. A break below $1,181 would signal a continuation of the sell-off from the highs above $1,195 and could yield a re-test of the August low of $1,160. The 5-day and 10-day moving averages (MAs) are trending south in favor of the bears. Only a daily close above the 10-day MA would abort the bearish view. 15-minute chart Current Price: $1,184 Daily High: $1,186 Daily Low: $1,182 Trend: Bearish Resistance R1: $1,192 (5-day moving average) R2: $1,200 (psychological level) R3: $1,205 (50-day moving average) Support S1: $1,181 (range low) S2: $1,172 (Aug. 17 low) S3: $1,160 (Aug. 16 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 Sweden: Downside risks for retail sales data – TDS FX Street 4 years Gold is trading in a sideways manner in a range of $1,181 to $1,186, having dropped sharply from highs above $1,195 yesterday. A break below $1,181 would signal a continuation of the sell-off from the highs above $1,195 and could yield a re-test of the August low of $1,160. The 5-day and 10-day moving averages (MAs) are trending south in favor of the bears. Only a daily close above the 10-day MA would abort the bearish view. 15-minute chart Current Price: $1,184 Daily High: $1,186 Daily Low: $1,182 Trend: Bearish Resistance R1: $1,192 (5-day moving average) R2: $1,200 (psychological level)… 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.
