“¢ Once again fails to breakthrough a bullish flag chart pattern formation on the 1-hourly chart, despite the post-NFP USD weakness and persistent trade war fears. “¢ With short-term technical indicators starting to lose their positive momentum, repeated rejection at higher levels now seems to suggest a possible retest of 100-hour SMA support. “¢ A subsequent slid could get extended towards the short-term descending trend-channel (flag) support, which if broken might negate prospects for any further recovery. Gold 1-hourly chart Spot Rate: $1255.66 Daily Low: $1252.83 Daily High: $1259.01 Trend: Sideways Resistance R1: $1261 (Wednesday’s one-week high) R2: $1267 (horizontal zone) R3: $1273 (50% Fibo. level of the $1309-$1238 downfall) Support S1: $1252 (100-period SMA H1) S2: $1249 (H1 descending trend-channel support) S3: $1242 (multi-month daily closing low set on Monday) 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/JPY Technical Analysis: USD/JPY challenging 110.40 to the downside FX Street 3 years "¢ Once again fails to breakthrough a bullish flag chart pattern formation on the 1-hourly chart, despite the post-NFP USD weakness and persistent trade war fears. "¢ With short-term technical indicators starting to lose their positive momentum, repeated rejection at higher levels now seems to suggest a possible retest of 100-hour SMA support. "¢ A subsequent slid could get extended towards the short-term descending trend-channel (flag) support, which if broken might negate prospects for any further recovery. Gold 1-hourly chart Spot Rate: $1255.66 Daily Low: $1252.83 Daily High: $1259.01 Trend: Sideways Resistance R1:… 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.
