Gold trades near $1308 while heading towards European session on Tuesday. The Bullion recently bounced off an immediate ascending support-line stretched since March 07, indicating further upside to 50% Fibonacci retracement of its January 24 – February 20 advances, around $1311.50. Though, a horizontal-region comprising multiple highs marked during early February may limit the quote’s additional rise at $1316. In a case prices rally past-$1316, $1321 and $1330 could entertain buyers ahead of shifting market attention to $1333 horizontal-line. On the flipside, the aforementioned trend-line at $1299 seems immediately important as a break of which can fetch the yellow metal to $1291-90 support area. Given the bears’ command over momentum under $1290, January month low near $1276.80 might appear in the spotlight. Gold 4-Hour chart XAU/USD Overview: Today Last Price: 1307.72 Today Daily change: 4.04 pips Today Daily change %: 0.31% Today Daily Open: 1303.68 Trends: Daily SMA20: 1308.34 Daily SMA50: 1304.34 Daily SMA100: 1272.17 Daily SMA200: 1239.6 Levels: Previous Daily High: 1306.7 Previous Daily Low: 1298.3 Previous Weekly High: 1313.3 Previous Weekly Low: 1290.6 Previous Monthly High: 1346.85 Previous Monthly Low: 1300.1 Daily Fibonacci 38.2%: 1303.49 Daily Fibonacci 61.8%: 1301.51 Daily Pivot Point S1: 1299.09 Daily Pivot Point S2: 1294.49 Daily Pivot Point S3: 1290.68 Daily Pivot Point R1: 1307.49 Daily Pivot Point R2: 1311.3 Daily Pivot Point R3: 1315.9 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 New York Stock Exchange to add to a host of cryptocurrencies FX Street 4 years Gold trades near $1308 while heading towards European session on Tuesday. The Bullion recently bounced off an immediate ascending support-line stretched since March 07, indicating further upside to 50% Fibonacci retracement of its January 24 - February 20 advances, around $1311.50. Though, a horizontal-region comprising multiple highs marked during early February may limit the quote's additional rise at $1316. In a case prices rally past-$1316, $1321 and $1330 could entertain buyers ahead of shifting market attention to $1333 horizontal-line. On the flipside, the aforementioned trend-line at $1299 seems immediately important as a break of which can fetch the yellow metal… 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.
