- Gold is trading in a bull trend above its 200-period simple moving average (SMA) on the 4-hour chart.
- Gold is dwelling just below 1,237.60 resistance. The RSI and MACD are bullish while the Stochastic is in overbought territory. Bulls need to overcome 1,237.60 resistance in order to make further advances towards 1,250.00 figure and 1,265.90 (July high).
- A break below 1,220.90 (July 18 low) could open the doors to 1,182.90 (August 24 low).
Gold 4-hour chart
Main trend: Bullish
Resistance 1: 1,237.60 July 3 swing low
Resistance 2: 1,250.00 figure
Resistance 3: 1,265.90 July high
Resistance 4: 1,300.00 figure
Support 1: 1,220.90 July 18 low
Support 2: 1,211.17 July 19 low
Support 3: 1,204.10, August 3 swing low (key level)
Support 4: 1,182.90 August 24 low
Support 5: 1,172.82 current 2018 low
Additional key levels at a glance:
SP 500
Overview:
Last Price: 2724.5
Daily change: -2.8e+2 pips
Daily change: -0.101%
Daily Open: 2727.25
Trends:
Daily SMA20: 2751.09
Daily SMA50: 2843.64
Daily SMA100: 2828.55
Daily SMA200: 2766.6
Levels:
Daily High: 2742
Daily Low: 2708.25
Weekly High: 2780.5
Weekly Low: 2627.75
Monthly High: 2939.5
Monthly Low: 2604.5
Daily Fibonacci 38.2%: 2729.11
Daily Fibonacci 61.8%: 2721.14
Daily Pivot Point S1: 2709.67
Daily Pivot Point S2: 2692.08
Daily Pivot Point S3: 2675.92
Daily Pivot Point R1: 2743.42
Daily Pivot Point R2: 2759.58
Daily Pivot Point R3: 2777.17