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  • Gold is gaining steam for the third consecutive day.  
  • The market needs to overcome the 1475 resistance.

Gold daily chart

The yellow metal is trading in a bull flag, making lower lows and lower highs as it trading below the 50 and 100-day simple moving averages (DMAs).  

Gold four-hour chart

Gold is challenging the 1475 resistance and the 50 SMA on the four-hour chart. This is a key level to break for a potential move higher towards the 1490/1500 resistance zone. A rejection at 1475 would likely lead to a retest of the 1460 and 1450 support levels.  

Additional key levels