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Gold Technical Analysis: Yellow Metal bulls looking for a break above the 1,300.00 mark

Gold daily chart

  • Gold is trading in a bull trend above the 100 and 100-day simple moving averages (SMAs).

Gold 4-hour chart

  • Gold is trading between the 50 and 200 SMAs suggesting a consolidation phase in the medium-term.

Gold 30-minute chart

  • Gold is trading above its main SMAs suggesting a bullish bias in the short-term.
  • A break above $1,300.00 a troy ounce  can lead to 1,312.00 and 1,325.00 resistances.  
  • To the donwside, supports are seen near 1,290.00; 1,280.00 and 1,270.00 level.

 

Additional key levels

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XAU/USD

Overview:
       Today Last Price:  1298
       Today Daily change:  4.52  points
       Today Daily change %:  0.35%
       Today Daily Open:  1293.48
Trends:
       Daily SMA20:  1312.08
       Daily SMA50:  1302.78
       Daily SMA100:  1268.38
       Daily SMA200:  1237.75
Levels:
       Previous Daily High:  1297.65
       Previous Daily Low:  1290.6
       Previous Weekly High:  1300.7
       Previous Weekly Low:  1280.1
       Previous Monthly High:  1346.85
       Previous Monthly Low:  1300.1
       Daily Fibonacci 38.2%:  1293.29
       Daily Fibonacci 61.8%:  1294.96
       Daily Pivot Point S1:  1290.17
       Daily Pivot Point S2:  1286.86
       Daily Pivot Point S3:  1283.12
       Daily Pivot Point R1:  1297.22
       Daily Pivot Point R2:  1300.96
       Daily Pivot Point R3:  1304.27

 

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