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Gold price analysis: XAU/USD rolling into the Asian session below $1465/oz resistance

  • Gold is ending the first day of the week little changed. 
  • As XAU/USD remains vulnerable to the downside, sellers might have their eyes set on the 1455/50 price zone. 
 

Gold daily chart

  
Gold stays under selling pressure near four-month lows while trading below the 1465 resistance and the 50/100 SMAs. 
 

Gold four-hour chart 

 
The metal remains vulnerable below the 1465 resistance and the main SMAs. The bears should try to extend the down 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

 

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