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

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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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