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Daily chart

  • Gold is trading in a bear trend below the 200-period simple moving average (SMAs).  
  • Gold hit the 1,217.70 bear target.

4-hour chart

  • Gold is breaking below the 1,217.70 support potentially opening the doors to 1,211.00 target in the coming days.
  • However, bears would need a close below 1,217.70 on a closing basis to see further losses.  

30-minute chart

  • Gold is back below its main SMAs as it reaching its lowest point in six days.
  • Technical indicators are all bearish but bears will need to work hard if they do not want to see a reversal back up to 1,217.70 and 1,220.00 level.

Additional key levels

XAU/USD

Overview:
       Today Last Price:  1215.86
       Today Daily change:  -6.3e+2  pips
       Today Daily change %:  -0.517%
       Today Daily Open:  1222.18
Trends:
       Previous Daily SMA20:  1218.96
       Previous Daily SMA50:  1218.56
       Previous Daily SMA100:  1207.46
       Previous Daily SMA200:  1236.43
Levels:
       Previous Daily High:  1228.04
       Previous Daily Low:  1221.4
       Previous Weekly High:  1230.3
       Previous Weekly Low:  1217.7
       Previous Monthly High:  1243.43
       Previous Monthly Low:  1182.54
       Previous Daily Fibonacci 38.2%:  1223.93
       Previous Daily Fibonacci 61.8%:  1225.5
       Previous Daily Pivot Point S1:  1219.71
       Previous Daily Pivot Point S2:  1217.24
       Previous Daily Pivot Point S3:  1213.07
       Previous Daily Pivot Point R1:  1226.34
       Previous Daily Pivot Point R2:  1230.51
       Previous Daily Pivot Point R3:  1232.98