Home Gold Technical Analysis: Yellow Metal bulls looking for a breakout above 1,332.00 key resistance
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Gold Technical Analysis: Yellow Metal bulls looking for a breakout above 1,332.00 key resistance

Gold daily chart

  • Gold is trading in a bull leg above the main simple moving averages (SMAs).

Gold 4-hour chart

  • Gold is trading above its main SMAs suggesting a bullish bias in the medium-term.

Gold 30-minute chart

  • Gold is trading between the 100 and 200 SMAs suggesting sideways action in the short-term.
  • Key resistance to break for bulls is 1,332.00 level. The main target to the upside is at 1,336.00 level.  
  • Key support is at 1,320.00 and 1,315 level.

Additional key levels

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