“¢  The precious metal built on last week’s recovery move from yearly lows and continued gaining positive traction for the fourth consecutive session on Wednesday.   “¢  A sustained move beyond the $1287-88 supply zone was seen as a key trigger for bullish traders and remained supportive of the up-move to three-week tops. Meanwhile, technical indicators on hourly charts are on the verge of moving into slightly overbought conditions and warrant some caution before placing any aggressive bets. However, oscillators on the daily chart have just started gaining positive traction and support prospects for additional gains after a brief consolidation.  Hence, any meaningful dips, back closer to the resistance break-point, now turned support might still be seen as an opportunity to initiate some fresh bullish positions for an eventual move towards reclaiming the key $1300 psychological mark amid the prevailing risk-off environment. Gold 1-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 Ripple’s XRP  Technical Analysis: XRP/USD bulls going for a retest of the broken wedge structure FX Street 3 years   "¢  The precious metal built on last week's recovery move from yearly lows and continued gaining positive traction for the fourth consecutive session on Wednesday.   "¢  A sustained move beyond the $1287-88 supply zone was seen as a key trigger for bullish traders and remained supportive of the up-move to three-week tops. Meanwhile, technical indicators on hourly charts are on the verge of moving into slightly overbought conditions and warrant some caution before placing any aggressive bets. However, oscillators on the daily chart have just started gaining positive traction and support prospects for additional gains after… Top 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.
