Gold has been holding on above $1,250 a troy ounce this Thursday as the metal is in its second day of consolidation after the $19 bull move of Wednesday. Bulls have broken above the current bull flag and have found support at the 200-period simple moving average. However, they are not entirely out of the woods just as the US Non-Farm Payrolls on Friday is likely going to dictate whether gold will break above 1,260 or will retrace below the 1,250.00 level. Gold 15-minute chart Spot rate: 1,257.40 Relative change: 0.02% High: 1,259.80 Low: 1,251.00 Trend: Bullish above 1,250.00 Resistance 1: 1,260.00 figure Resistance 2: 1,264.14 June 25 low Resistance 3: 1,270.00 figure Resistance 4: 1286.10 May 21 low Support 1: 1,254.23 June 28 high Support 2: 1,250.00 figure Support 3: 1,245.65 last week’s low Support 4: 1,237.60 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 NZD/USD: consolidating in a tight range, awaiting Friday’s showdown FX Street 3 years Gold has been holding on above $1,250 a troy ounce this Thursday as the metal is in its second day of consolidation after the $19 bull move of Wednesday. Bulls have broken above the current bull flag and have found support at the 200-period simple moving average. However, they are not entirely out of the woods just as the US Non-Farm Payrolls on Friday is likely going to dictate whether gold will break above 1,260 or will retrace below the 1,250.00 level. Gold 15-minute chart Spot rate: 1,257.40 Relative… 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.
