Home Gold technical analysis: Yellow metal rises to a 4-day high near $1,285.00/oz

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Gold technical analysis: Yellow metal rises to a 4-day high near $1,285.00/oz

FX Street

Updated: 23 May. 2019 | 21:52

Gold daily chart

Gold is having positive action this Thursday as the market broke above the 1,280.00 mark.

Gold 4-hour chart

Gold pushed into its main simple moving averages (SMAs) near the 1,285.00 level.

Gold 30-minute chart

The market is trading above1,280.00 and its main SMAs suggesting bullish momentum in the near term. If bulls break 1,288.00 resistance the market can continue to rise towards 1,290.00 and potentially to 1,294.00 if the bulls gather enough steam. Supports are at 1,280.00 and 1,277.50 levels.

Additional key levels

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