Home Gold Technical Analysis: Yellow Metal en route to $1,289.00/oz
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Gold Technical Analysis: Yellow Metal en route to $1,289.00/oz

Gold daily chart

  • Gold is trading in a bull trend above its main simple moving averages (SMAs).  

Gold 4-hour chart

  • Gold is trading above the main SMAs but currently capped by the 1,297.00 resistance.  

Gold 30-minute chart

  • As bears are losing steam below the 50 and 100 SMA, the metal is likely to decline to the 1,288.75 target.
  • On the flip side, Resistance is seen at the 1297.00 level.

Additional key levels

XAU/USD

Overview:
       Today Last Price:  1291.6
       Today Daily change:  -150  pips
       Today Daily change %:  -0.116%
       Today Daily Open:  1293.1
Trends:
       Daily SMA20:  1281.08
       Daily SMA50:  1249.37
       Daily SMA100:  1231.38
       Daily SMA200:  1228.91
Levels:
       Previous Daily High:  1295.25
       Previous Daily Low:  1276.2
       Previous Weekly High:  1297.15
       Previous Weekly Low:  1279.35
       Previous Monthly High:  1284.7
       Previous Monthly Low:  1221.39
       Daily Fibonacci 38.2%:  1287.97
       Daily Fibonacci 61.8%:  1283.48
       Daily Pivot Point S1:  1281.12
       Daily Pivot Point S2:  1269.14
       Daily Pivot Point S3:  1262.07
       Daily Pivot Point R1:  1300.17
       Daily Pivot Point R2:  1307.23
       Daily Pivot Point R3:  1319.22

 

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