Home Gold Technical Analysis: The $1,230.00/oz resistance is the usual culprit
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Gold Technical Analysis: The $1,230.00/oz resistance is the usual culprit

Gold daily chart

  • Gold is trading in a bear trend below the 200-day simple moving average.  
  • Gold is currently testing the 200 SMA.  

Gold 4-hour chart

  • Gold is spiking above the 1230.00 resistance as the market is testing the November highs.
  • $1,244.00 seems to be next resistance level.  

Gold 30-minute chart

  • Gold is attempting to break above the key 1,230.00 resistance.  
  • Bulls need a close above the level on a daily closing basis.  
  • Failure to move beyound 1235.00 can lead to a drop to the  1,225.00 level

Additional key levels

XAU/USD

Overview:
       Today Last Price:  1233.2
       Today Daily change:  1.1e+3  pips
       Today Daily change %:  0.919%
       Today Daily Open:  1221.97
Trends:
       Previous Daily SMA20:  1217.21
       Previous Daily SMA50:  1220.12
       Previous Daily SMA100:  1208.92
       Previous Daily SMA200:  1234.55
Levels:
       Previous Daily High:  1228.3
       Previous Daily Low:  1216.7
       Previous Weekly High:  1231.8
       Previous Weekly Low:  1211.2
       Previous Monthly High:  1237.4
       Previous Monthly Low:  1196.4
       Previous Daily Fibonacci 38.2%:  1221.13
       Previous Daily Fibonacci 61.8%:  1223.87
       Previous Daily Pivot Point S1:  1216.35
       Previous Daily Pivot Point S2:  1210.72
       Previous Daily Pivot Point S3:  1204.75
       Previous Daily Pivot Point R1:  1227.95
       Previous Daily Pivot Point R2:  1233.92
       Previous Daily Pivot Point R3:  1239.55

 

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