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Gold Technical Analysis: Yellow Metal drops to 3-day lows

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 main SMAs suggesting bullish momentum in the medium-term.

Gold 30-minute chart

  • Gold broke below its main SMAs suggesting a bearish bias in the short-term.  
  • A bearish break below 1,1326.00 can lead to 1,1318.00 level.
  • To the upside, resistance is at 1,330.00 and 1,335.00 level.

Additional key levels:

XAU/USD

Overview:
       Today Last Price:  1325.8
       Today Daily change:  -13.10 points
       Today Daily change %:  -0.98%
       Today Daily Open:  1338.9
Trends:
       Daily SMA20:  1314.31
       Daily SMA50:  1290.86
       Daily SMA100:  1258.24
       Daily SMA200:  1233.81
Levels:
       Previous Daily High:  1346.85
       Previous Daily Low:  1322.6
       Previous Weekly High:  1322.55
       Previous Weekly Low:  1303.15
       Previous Monthly High:  1326.25
       Previous Monthly Low:  1275.9
       Daily Fibonacci 38.2%:  1331.86
       Daily Fibonacci 61.8%:  1337.59
       Daily Pivot Point S1:  1325.38
       Daily Pivot Point S2:  1311.87
       Daily Pivot Point S3:  1301.13
       Daily Pivot Point R1:  1349.63
       Daily Pivot Point R2:  1360.37
       Daily Pivot Point R3:  1373.88

 

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