Home Gold Technical Analysis: Yellow Metal sinks below the 1,300.00 mark
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Gold Technical Analysis: Yellow Metal sinks below the 1,300.00 mark

Gold daily chart

  • Gold is trading between the 50 and 100 simple moving average suggesting a consolidation.  

Gold 4-hour chart

  • Gold broke below its main SMAs suggesting bearish momentum in the medium-term.

Gold 30-minute chart

  • Gold is trading below its main SMAs suggesting bearish momentum in the short-term as 1280.00 become the next key support.  
  • Resistances are seen at 1305.00 and 1312.00 level.

 

Additional key levels

XAU/USD

Overview:
       Today Last Price:  1290.34
       Today Daily change:  -22.76  points
       Today Daily change %:  -1.73%
       Today Daily Open:  1313.1
Trends:
       Daily SMA20:  1319.67
       Daily SMA50:  1300.1
       Daily SMA100:  1264.15
       Daily SMA200:  1235.92
Levels:
       Previous Daily High:  1327.1
       Previous Daily Low:  1312.9
       Previous Weekly High:  1346.85
       Previous Weekly Low:  1320.72
       Previous Monthly High:  1346.85
       Previous Monthly Low:  1300.1
       Daily Fibonacci 38.2%:  1318.32
       Daily Fibonacci 61.8%:  1321.68
       Daily Pivot Point S1:  1308.3
       Daily Pivot Point S2:  1303.5
       Daily Pivot Point S3:  1294.1
       Daily Pivot Point R1:  1322.5
       Daily Pivot Point R2:  1331.9
       Daily Pivot Point R3:  1336.7

 

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