Home Gold Technical Analysis: Continuing to trip higher up the charts, aimed for $1,280.00
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Gold Technical Analysis: Continuing to trip higher up the charts, aimed for $1,280.00

  • Intraday bidding action for Gold is seeing the precious metal clip into immediate highs near 1,278.00, and intraday higher lows are propping up XAU/USD for a run higher.

Gold, 5-Minute

  • The near-term sees Gold geared for a bullish run higher as broader market sentiment continues to pin into the fearful side, keeping the precious metal well-bid as investors struggle to pick a direction for equities and the greenback.

Gold, 30-Minute

  • 4-hour candles have Gold sitting firmly in overbought territory, and with technical indicators firmly pinned to hot readings, a new run-up for XAU/USD could require a retracement to the 1,250.00 region  first.

Gold, 4-Hour

XAU/USD

Overview:
       Today Last Price:  1277.38
       Today Daily change:  2.1e+2  pips
       Today Daily change %:  0.166%
       Today Daily Open:  1275.26
Trends:
       Previous Daily SMA20:  1248.23
       Previous Daily SMA50:  1232.06
       Previous Daily SMA100:  1218.8
       Previous Daily SMA200:  1229.56
Levels:
       Previous Daily High:  1279.05
       Previous Daily Low:  1265.76
       Previous Weekly High:  1266.8
       Previous Weekly Low:  1235.85
       Previous Monthly High:  1237.4
       Previous Monthly Low:  1196.4
       Previous Daily Fibonacci 38.2%:  1273.97
       Previous Daily Fibonacci 61.8%:  1270.83
       Previous Daily Pivot Point S1:  1267.66
       Previous Daily Pivot Point S2:  1260.06
       Previous Daily Pivot Point S3:  1254.37
       Previous Daily Pivot Point R1:  1280.96
       Previous Daily Pivot Point R2:  1286.65
       Previous Daily Pivot Point R3:  1294.25

 

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