Gold Technical Analysis: Yellow Metal surges above $1,300.00/oz

FX Street

Published date: 8 Apr. 2019 | 15:17

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 testing the 100 and 200 SMAs.

Gold 30-minute chart

As the market is evolving above its main SMAs bulls are currently in charge.
The next resistances lying ahead are likely located at 1,304.00; 1,310; 1,315 and 1,325.00 level.
Support is at 1,290.00 and 1,280.00.

Additional key levels

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