Risk-off mood sends gold near multi-month highs. The level to beat for bulls is 1,452.71, the 2019 high. Gold daily chart Gold spiked near multi-month highs as US President Trump announced a new round of tariffs on China. The news triggered the risk-off mood with gold going up and the US Dollar going in the opposite direction. Gold 4-hour chart The yellow metal bulls will need to break above 1,452.71, the 2019 high, in order to travel north towards 1,476.00 resistance. Gold is trading above its main simple moving averages suggesting bullish momentum in the medium term. Gold 30-minute chart Bulls should ideally keep the price above 1,440.00 in order to reach new 2019 highs. On the flip side if the 1,440.00 support gets breached, the market could decline towards 1,430.00, 1,420.00 and the 1,414.00 level. 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 US officials: North Korea conducts new projectile launch – Reuters FX Street 4 years Risk-off mood sends gold near multi-month highs. The level to beat for bulls is 1,452.71, the 2019 high. Gold daily chart Gold spiked near multi-month highs as US President Trump announced a new round of tariffs on China. The news triggered the risk-off mood with gold going up and the US Dollar going in the opposite direction. Gold 4-hour chart The yellow metal bulls will need to break above 1,452.71, the 2019 high, in order to travel north towards 1,476.00 resistance. Gold is trading above its main simple moving averages suggesting bullish momentum… 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.
