“¢  The precious metal failed to preserve early gains, supported by negative US-China trade-related headlines, and once again started retreating from $1285-87 supply zone.   “¢  Weakness below an intraday descending trend-channel was seen as a key trigger for bearish traders and the latest leg of the slide during the early North-American session.   “¢  A subsequent fall back below 200-hour SMA – coinciding with 38.2% Fibo. level of the $1266-$1286 up-move, now sets the stage for the resumption of the bearish trend.   “¢  Oscillators on hourly charts have again started gaining negative traction and maintained their bearish bias on the daily charts, adding credence to the negative outlook.   “¢  Hence, a follow-through selling below 50% Fibo. level support might turn the commodity vulnerable to accelerate the slide towards $1273-72 support area en-route $1266 level. 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 WTI met support around $60.00/bbl, focus on trade FX Street 3 years   "¢  The precious metal failed to preserve early gains, supported by negative US-China trade-related headlines, and once again started retreating from $1285-87 supply zone.   "¢  Weakness below an intraday descending trend-channel was seen as a key trigger for bearish traders and the latest leg of the slide during the early North-American session.   "¢  A subsequent fall back below 200-hour SMA - coinciding with 38.2% Fibo. level of the $1266-$1286 up-move, now sets the stage for the resumption of the bearish trend.   "¢  Oscillators on hourly charts have again started gaining negative traction… 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.
