Gold traded as low as $1217.30 a troy ounce and then reversed its daily losses to now trade in the $1225.00-1,226.00 area. Gold formed a double bottom with Tuesday’s low and is currently struggling to overcome the 200-period simple moving average. However, given the current context, it can be expected that bulls would gain some ground in the coming sessions. Resistances are lying near 1,232.00 consolidation area and 1,236.28 July 13 low, key level. Support can be seen near 1,223.00 consolidation area and 1,220.90 July 18 low. Gold 15-minute chart Spot rate: 1,225.80 Relative change: 0.28% High: 1,227.50 Low: 1,217.30 Trend: Bearish / Bullish pullback Resistance 1: 1,225.90 July 17 low Resistance 2: 1,232.00 consolidation area Resistance 3: 1,236.28 July 13 low, key level Resistance 4: 1,241.50 intraday swing low Resistance 5: 1,245.65 June 28 low Support 1: 1,223.00 consolidation area Support 2: 1,225.90 July 17 low Support 3: 1,220.90 July 18 low Support 4: 1,211.17 current 2018 low Support 5: 1,204.00 July 10, 2017 swing 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 Unlikely for BoJ to step back from extremely accommodative policy settings – Rabobank FX Street 5 years Gold traded as low as $1217.30 a troy ounce and then reversed its daily losses to now trade in the $1225.00-1,226.00 area. Gold formed a double bottom with Tuesday's low and is currently struggling to overcome the 200-period simple moving average. However, given the current context, it can be expected that bulls would gain some ground in the coming sessions. Resistances are lying near 1,232.00 consolidation area and 1,236.28 July 13 low, key level. Support can be seen near 1,223.00 consolidation area and 1,220.90 July 18 low. Gold 15-minute chart Spot rate: … 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.
