Gold Technical Analysis: Yellow Metal jumps to levels not seen since July 2018
|- Gold is trading in a bull trend above the 200-period simple moving average as it rising near levels not seen since July this year.
- The metal is challenging 1,237.60 (July 3 swing low) as the 50, 100 and 200-period simple moving averages are widening and rising. The RSI, MACD and Stochastic indicators are also bullish and suggesting more gains ahead.
- A break of 1,237.60 is needed for gold to reach 1,250.00 figure.
Rate: 1,234.60
Relative change: 1.04%
High: 1,239.90
Low: 1,221.40
Main trend: Bullish
Resistance 1: 1,237.60 July 3 swing low
Resistance 2: 1,250.00 figure
Resistance 3: 1,265.90 July high
Support 1: 1,220.90 July 18 low
Support 2: 1,211.17 July 19 low
Support 3: 1,204.10, August 3 swing low (key level)
Support 4: 1,182.90 August 24 low
Support 5: 1,172.82 current 2018 low
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.