Gold Technical Analysis: Yellow Metal trading at daily lows sub-$1,300.00/oz
Gold daily chart
- Gold is trading in a bull trend above its 100 and 200-day simple moving averages (SMAs).
Gold 4-hour chart
- Gold is trading below its main SMAs suggesting a bearish bias in the medium-term.
Gold 30-minute chart
- Gold is trading between the 50 and 100 SMA suggesting a consolidation in the short-term.
- The market is likely declining to the 1,288.00 level.
- Resistances to the upside are seen at 1,300.00 figure and 1,312.00 level.
Additional key levels
XAU/USD
Overview:
Today Last Price: 1292.36
Today Daily change: -7.74 points
Today Daily change %: -0.60%
Today Daily Open: 1300.1
Trends:
Daily SMA20: 1312.82
Daily SMA50: 1302.55
Daily SMA100: 1267.78
Daily SMA200: 1237.42
Levels:
Previous Daily High: 1300.7
Previous Daily Low: 1280.1
Previous Weekly High: 1300.7
Previous Weekly Low: 1280.1
Previous Monthly High: 1346.85
Previous Monthly Low: 1300.1
Daily Fibonacci 38.2%: 1292.83
Daily Fibonacci 61.8%: 1287.97
Daily Pivot Point S1: 1286.57
Daily Pivot Point S2: 1273.03
Daily Pivot Point S3: 1265.97
Daily Pivot Point R1: 1307.17
Daily Pivot Point R2: 1314.23
Daily Pivot Point R3: 1327.77