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 premarket: McDonald’s, Blackstone, Netflix and othersCheck out the companies making headlines before the bell:Comcast (CMCSA) – The NBCUniversal and CNBC ... Read More  Stock futures rise as investors assess Fed updateStock futures rose on Wednesday night after the Dow Jones Industrial Average and S&P 500 ... Read More  Federal Reserve points to interest rate hike coming in MarchFacing both turbulent financial markets and raging inflation, the Federal Reserve on Wednesday indicated it ... Read More |
