“¢ The precious metal struggled to capitalize on the early positive move to three-week tops and started retreating from a resistance marked by 61.8% Fibonacci retracement level of the $1347-$1281 recent slide. “¢ However, given the overnight sustained break through 200-period SMA on the 4-hourly chart, bullish technical indicators on hourly/daily charts support prospects for an extension of the near-term positive move. “¢ Moreover, the fact that the intraday downtick remains supported near 50% Fibonacci retracement level add credence to the constructive outlook and should attract dip-buying near the mentioned resistance break-point. “¢ Meanwhile, a convincing break through 61.8% hurdle, near the $1321-22 region, would set the stage for the commodity’s further appreciating move towards $1326-27 intermediate zone en-route $1332-33 resistance. 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 US: Focus on manufacturing data – TDS FX Street 4 years "¢ The precious metal struggled to capitalize on the early positive move to three-week tops and started retreating from a resistance marked by 61.8% Fibonacci retracement level of the $1347-$1281 recent slide. "¢ However, given the overnight sustained break through 200-period SMA on the 4-hourly chart, bullish technical indicators on hourly/daily charts support prospects for an extension of the near-term positive move. "¢ Moreover, the fact that the intraday downtick remains supported near 50% Fibonacci retracement level add credence to the constructive outlook and should attract dip-buying near the mentioned resistance break-point. … 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.
