Gold Technical Analysis: Bears betting on a break below $1,290.00/oz

FX Street

Published date: 12 Apr. 2019 | 19:12

Gold daily chart

Gold is trading in a bull trend above its 100 and 200 simple moving averages (SMAs).

Gold 4-hour chart

Gold is trading below its main SMAs suggesting a bearish bias in the medium-term.

Gold 30-minute chart

Gold is trading below its main SMAs suggesting bearish momentum in the short-term.
Bears are eagerly looking for a break below 1,290.00 support. A break below the level can lead to 1,280.00 and 1,270.00 level.
Resistance is at 1,296.00 and 1,300.00 figure.

Additional key levels

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