Gold bears are trying to revisit daily lows as the metal is trading below the 50, 100 and 200-period simple moving average on the 15-minute chart. A strong breakout below the 2018 low at $1,270.10 a troy ounce can potentially open the gates to the 1,260 October 6, 2017 swing low in the coming weeks. Gold 15-minute chart Spot rate: 1,272.26 Relative change: -0.18% High: 1,276.50 Low: 1,270.30 Trend: Bearish Resistance 1: 1,275.00, 100-period SMA (weekly) Resistance 2: 1,281.70 May 21 low Resistance 3: 1,291.30 former supply/demand level Resistance 4: 1,300.00 figure Support 1: 1,270.10, 2018 low Support 2: 1,260, October 6, 2017 swing low Support 3: 1,250 figure 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/GBP steadily recovers toward 0.88 after UK PM May wins key Brexit vote FX Street 3 years Gold bears are trying to revisit daily lows as the metal is trading below the 50, 100 and 200-period simple moving average on the 15-minute chart. A strong breakout below the 2018 low at $1,270.10 a troy ounce can potentially open the gates to the 1,260 October 6, 2017 swing low in the coming weeks. Gold 15-minute chart Spot rate: 1,272.26 Relative change: -0.18% High: 1,276.50 Low: … 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.
