“¢ Confirms a bearish break through a medium-term ascending trend-line, extending from extending from Jan. 2017 lows through lows touched in July/Dec. 2017. “¢ An occurrence of a death cross on the daily chart (50-day SMA crossing the very important 200-day SMA from the top) adds credence to a fresh bearish breakdown. “¢ Formation of a descending trend-channel on the 1-hourly suggests an extension of the steady decline, though near-term oversold conditions might help limit sharp downfall. Gold 1-hourly chart Spot Rate: $1257.26 Daily Low: $1253.45 Daily High: $1259.54 Trend: Bearish Resistance R1: $1265 (top-end of the descending trend-channel) R2: $1268 (overnight swing high) R3: $1273 (38.2% Fib. level of the $1123-$1366 rally) Support S1: $1253 (descending trend-channel support) S2: $1247 (horizontal level) S3: $1242 (Dec. 2017 daily closing low) 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 Source: Russia’s oil output stood at 11.054 million bpd on June 1-26 – Reuters FX Street 5 years "¢ Confirms a bearish break through a medium-term ascending trend-line, extending from extending from Jan. 2017 lows through lows touched in July/Dec. 2017. "¢ An occurrence of a death cross on the daily chart (50-day SMA crossing the very important 200-day SMA from the top) adds credence to a fresh bearish breakdown. "¢ Formation of a descending trend-channel on the 1-hourly suggests an extension of the steady decline, though near-term oversold conditions might help limit sharp downfall. Gold 1-hourly chart Spot Rate: $1257.26 Daily Low: $1253.45 Daily High: $1259.54 Trend: Bearish… 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.
