Gold is rebounding for the second consecutive day after the metal established a new 2018 low on Thursday at $1,220.90 a troy ounce. Gold is gaining bullish momentum as the 50 and 100-period simple moving averages (SMA) have crossed above the 200 SMA. Bulls are now trying to close above the 1232.00 level in order to target 1,236.28 July 13 low. Gold 15-minute chart Spot rate: 1,230.16 Relative change: 0.65% High: 1,232.20 Low: 1,215.51 Trend: Bearish / Bullish reversal attempt Resistance 1: 1,232.00 consolidation area Resistance 2: 1,236.28 July 13 low Resistance 3: 1,241.50 intraday swing low Resistance 4: 1,245.65 June 28 low Resistance 5: 1,250.00 figure Resistance 6: 1,254.23 June 28 high Resistance 7: 1,260.00 figure Resistance 8: 1,264.14 June 25 low Resistance 9: 1,270.00 figureResistance 10: 1,286.10 May 21 low Support 1: 1,225.90 July 17 low Support 2: 1,220.90 current 2018 low. Support 3: 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 EUR/USD erases weekly losses after US dollar reversal FX Street 5 years Gold is rebounding for the second consecutive day after the metal established a new 2018 low on Thursday at $1,220.90 a troy ounce. Gold is gaining bullish momentum as the 50 and 100-period simple moving averages (SMA) have crossed above the 200 SMA. Bulls are now trying to close above the 1232.00 level in order to target 1,236.28 July 13 low. Gold 15-minute chart Spot rate: 1,230.16 Relative change: 0.65% High: 1,232.20 Low: … 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.
