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Gold Technical Analysis: Metal remains undecided below the 1465 level

  • The yellow metal is looking for directions in the New York session. 
  • The market is focusing on the 1465 level, which is a critical resistance in the medium term.
 

Gold daily chart

 
Gold is starting December pressuring the 1465 resistance level while below the 50/100 SMAs. However, the bear case would entail a break below the 1445 swing low on a daily closing basis for a potential dive to the 1400 figure near the 200-day SMA. 
 

Gold four-hour chart 

 
The metal is challenging the 50 and 100 SMAs as the market is trying to find a clear direction hovering above the November lows. A break above the 1465 resistance can lead to further buying interest towards the 1480 level. 
    

Additional key levels

 

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