Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Join the Facebook community of FBS!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Email tooltip

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE

View
Trading
Analytics & Education
About Us
Connect to live chat
Gold is testing the November high

Gold is testing the November high

Information is not investment advice

Since yesterday, gold has been testing the November high of 1,476. On the daily chart, it is also visible that it is testing the resistance of the 50-period and 100-period Moving Averages. This means that the bullish factors are slowly gaining momentum in the market. At least, the bearish bias is not as evident as it has been since the beginning of September. This, in turn, is confirmed by the rising lows of the Awesome Oscillator in the previous month. Although it is too early to state the market reversal upwards, the resistance level of 1,491 may be a good threshold to check it. The crossing point of the two marked trend lines is located right at this level. If the price breaks it, it will likely go for 1,515. Further resistance levels will be the September highs of 1,533 and 1,553. For the downtrend continuation, the November low of 1,453 may be set as the support level.

XAUUSDDaily.png

Similar

Popular

Share with friends:

Choose your payment system

Visa
Mastercard
Maestro
Wire Transfer
Skrill
RAPID Transfer
NETELLER
Learn more

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later