- Gold slipped under a weeklong ascending support-line and is trading around $1307 during early Thursday.
- With the break of immediate support, a horizontal line comprising early January highs and month-end lows $1297 gains sellers’ attention.
- Given the prices slid beneath $1297, an upward slanting trend-line stretched since late November 2018, at $1294, seems important support as a break of which can drag the quote to $1286 and then to the $1277 rest-points.
- Meanwhile, $1316 can serve as nearby resistance for the bullion, breaking which highlights the $1323.40 and the $1326.25 as following levels to watch.
- Should there be additional upside beyond $1326.25, the $1330 may come back on the chart.
Gold 4-Hourly chart
XAU/USD
Overview:
Today Last Price: 1307.2
Today Daily change: 0.40 pips
Today Daily change %: 0.03%
Today Daily Open: 1306.8
Trends:
Daily SMA20: 1297.57
Daily SMA50: 1274.31
Daily SMA100: 1246.82
Daily SMA200: 1230.45
Levels:
Previous Daily High: 1322.3
Previous Daily Low: 1306.12
Previous Weekly High: 1326.25
Previous Weekly Low: 1297.8
Previous Monthly High: 1326.25
Previous Monthly Low: 1275.9
Daily Fibonacci 38.2%: 1312.3
Daily Fibonacci 61.8%: 1316.12
Daily Pivot Point S1: 1301.18
Daily Pivot Point S2: 1295.56
Daily Pivot Point S3: 1285
Daily Pivot Point R1: 1317.36
Daily Pivot Point R2: 1327.92
Daily Pivot Point R3: 1333.54
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