“¢ The precious metal continued gaining positive traction for the second consecutive session on Thursday and spiked to over one-week highs, beyond $1280 level in the last hour. “¢ A modest intraday USD pull-back from near two year tops turned out to be one of the key factors underpinning the dollar-denominated commodity and fueling the recovery move. “¢ A sustained move above 200-hour SMA – for the first time in around two weeks, was seen as a key trigger for bullish traders and support prospects for additional intraday gains. “¢ Technical indicators on hourly charts have been gaining positive traction and further add credence to the constructive outlook, though bearish oscillators on the daily chart warrant caution. “¢ Hence, it would be prudent to wait for a sustained move back above the previous horizontal support break-point, now turned resistance before positioning for any further positive move. 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 USD/CAD eases below 1.35 as greenback finally starts correcting its two-day upsurge FX Street 4 years "¢ The precious metal continued gaining positive traction for the second consecutive session on Thursday and spiked to over one-week highs, beyond $1280 level in the last hour. "¢ A modest intraday USD pull-back from near two year tops turned out to be one of the key factors underpinning the dollar-denominated commodity and fueling the recovery move. "¢ A sustained move above 200-hour SMA - for the first time in around two weeks, was seen as a key trigger for bullish traders and support prospects for additional intraday gains. "¢ Technical… 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.
