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Gold price analysis: XAU/USD eases from session’s highs, trades below $1465/oz

  • Gold is off daily highs as the market is challenging the 1465 resistance.
  • Support is seen at the 1455/50 price zone. 
 

Gold daily chart

  
Gold stays not far away from four-month lows while trading below the 1465 resistance and the 50/100 SMAs. 
 

Gold four-hour chart 

 
The metal remains capped below the 1465 resistance and the 50/100 SMAs. Providing the 1472 resistance holds, the sellers might want to extend the bear move towards the 1455/50 zone and potentially to the 1440 level on the way down. Resistance is seen at the 1465 and 1472 price levels. 
  

Additional key levels

XAU/USD

Overview
Today last price 1464
Today Daily Change 3.00
Today Daily Change % 0.21
Today daily open 1461
 
Trends
Daily SMA20 1465.51
Daily SMA50 1481.5
Daily SMA100 1487.66
Daily SMA200 1405.88
 
Levels
Previous Daily High 1465.4
Previous Daily Low 1458.82
Previous Weekly High 1484.06
Previous Weekly Low 1454.05
Previous Monthly High 1515.38
Previous Monthly Low 1445.8
Daily Fibonacci 38.2% 1462.88
Daily Fibonacci 61.8% 1461.33
Daily Pivot Point S1 1458.08
Daily Pivot Point S2 1455.15
Daily Pivot Point S3 1451.49
Daily Pivot Point R1 1464.66
Daily Pivot Point R2 1468.32
Daily Pivot Point R3 1471.25

 

 

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