Gold is consolidating the recent rally of the last months while trading below the 1,500 mark. Gold is under pressure below the 1,490 resistance and the 50-day SMA. Gold daily chart The yellow metal is trading in a bull trend above the 100 and 200-day simple moving averages (DSMAs). However, in the last weeks of trading, the metal has been consolidating near $1,500 per ounce and below the 50 SMA. Gold four-hour chart The yellow metal is trading below the main simple moving averages (SMAs) and below the 1,500 mark; all-in-all suggesting a bearish bias in the medium term. The break below $1,490 a troy once can expose the 1,475/1,460 support zone. On the flip side, a daily close above 1,500 figure could lead to a correction towards the 1,510/1,520 resistance zone. Additional key levels 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/CHF extends rebound from 0.9840, hits fresh daily highs above 0.9870 FX Street 3 years Gold is consolidating the recent rally of the last months while trading below the 1,500 mark. Gold is under pressure below the 1,490 resistance and the 50-day SMA. Gold daily chart The yellow metal is trading in a bull trend above the 100 and 200-day simple moving averages (DSMAs). However, in the last weeks of trading, the metal has been consolidating near $1,500 per ounce and below the 50 SMA. Gold four-hour chart The yellow metal is trading below the main simple moving averages (SMAs) and below the 1,500 mark; all-in-all suggesting a 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.
