Home Gold Technical Analysis: Slow bullish grind above  $1,300.00 /oz
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Gold Technical Analysis: Slow bullish grind above  $1,300.00 /oz

Gold daily chart

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

Gold 4-hour chart

  • Gold is trading above its 100 and 200 SMA suggesting bullish momentum.

Gold 30-minute chart

  • Gold is trading just above its main SMAs suggesting a mild bullish bias.  
  • The level to beat for bulls is 1,317.50 in order to reach 1,326.00.
  • To the downside, support can be seen near 1,306.40 and 1,300.00 figure.

Additional key levels

XAU/USD

Overview:
       Today Last Price:  1311.71
     
       Today Daily change %:  0.05%
       Today Daily Open:  1311.08
Trends:
       Daily SMA20:  1301.98
       Daily SMA50:  1280.88
       Daily SMA100:  1251.29
       Daily SMA200:  1231.61
Levels:
       Previous Daily High:  1314.8
       Previous Daily Low:  1306.65
       Previous Weekly High:  1322.3
       Previous Weekly Low:  1300.1
       Previous Monthly High:  1326.25
       Previous Monthly Low:  1275.9
       Daily Fibonacci 38.2%:  1311.69
       Daily Fibonacci 61.8%:  1309.76
       Daily Pivot Point S1:  1306.88
       Daily Pivot Point S2:  1302.69
       Daily Pivot Point S3:  1298.73
       Daily Pivot Point R1:  1315.03
       Daily Pivot Point R2:  1318.99
       Daily Pivot Point R3:  1323.18

 

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