During Thursday’s trading session, the yellow metal broke the resistance of the monthly pivot point at 1,308.46 to end the trading session at 1,309.46. On Friday morning, the gold was resisted by the 100-hour simple moving average at the 1,309.83 mark.
In regards to the near-term future, it is expected that the 100-hour simple moving average will continue retracing the rate to push it to trade sideways at the 1,310.00 level.
On the other hand, the support level of the monthly pivot point at the 1,308.46 mark could support the yellow metal to break the resistance of the 100-hour to trade at 1,312.00
For traders: our Portfolio of forex robots for automated trading has low risk and stable profit. You can try to test results of our forex ea download
Signal2forex reviews
Install your trader software at VPS server of one of the super fast providers:
Finance news
Stocks making the biggest moves midday: Micron, Kohl’s, Meta Platforms and moreThese are the stocks posting the largest moves in midday trading. Signal2frex feedbacks ... Read More  FTX signs a deal giving it the option to buy crypto lender BlockFiSam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, ... Read More  The S&P 500 just had its worst first half in more than 50 years, which ‘stressed’ this classic investment strategyStock trader on the floor of the New York Stock Exchange.Spencer Platt | Getty Images ... Read More |
