ad
Forex Brokers Award 2020
Vote your favourite broker
Trade 100 Bonus - the best offer on Forex market

Gold Holds Steady Near Previous Highs

Jun 30 2020, 08:08 PM (+06) | Orbex.com

xauusd

The precious metal is trading rather flat on the day following an attempt to push higher.

However, with prices trading just below the previous highs, we expect this consolidation to result in a breakout.

The bias is slightly to the downside, following the double top pattern forming near 1774.20.

If gold prices break down below 1760, then we expect a decline back to the 1747.20 level of support.

To the upside, clearly, gold needs to make a breakout above 177420 to continue the bullish trend.

Orbex.com

At Orbex, the client is at the heart of everything we do and everything we do is designed to guarantee your satisfaction. Here’s how Forex Trading with Orbex will enhance your trading experience: Best-in-class customer service, including live chat and free webcall One-hour response time for sales and support requests Multiple asset trading and ECN accounts on MT4 0.9 pip fixed spread at ZERO commission Up to 1:500 leverage