Gold Technical Analysis: Metal remains undecided below the 1465 level

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.

Read more...

Someone Is Betting On $4,000 Gold

Gold got an opportunity to trade without the price manipulators breathing down Gold's rise... And so the shiny metal, even with little volume, found a way to end the week up about $10 from where I last talked to you last Tuesday... I would have like to have seen Gold's move be greater in numbers without the price manipulators, but I'll take $10 and be a happy camper! But guess who's back at their desks today? And from the looks of it, they are already catching up, as Gold is down $6.40 in the early trading this morning...

Speaking of Gold... Jared Dillian of the 10th Man newsletter recently ran a survey, and among the questions he asked, was this one: What do you think the best medium term investment is with a time horizon of 4 years? Of individual stocks, mutual funds/ index funds, real estate, bonds, savings/cd's, and Gold, guess which one was the leader? That's right Gold! Gold beat individual stocks! Now that was a survey of 10,000 responses... I guess he asked the right people, because, from my view in the cheap seats, I would think the average joe six pack would say individual stocks, and not Gold...

Read more...

XAU/USD

Overview
Today last price 1464.26
Today Daily Change 0.32
Today Daily Change % 0.02
Today daily open 1463.94
 
Trends
Daily SMA20 1468.19
Daily SMA50 1485.89
Daily SMA100 1484.97
Daily SMA200 1401.35
 
Levels
Previous Daily High 1466.62
Previous Daily Low 1453.1
Previous Weekly High 1466.62
Previous Weekly Low 1450.74
Previous Monthly High 1515.38
Previous Monthly Low 1445.8
Daily Fibonacci 38.2% 1461.45
Daily Fibonacci 61.8% 1458.26
Daily Pivot Point S1 1455.82
Daily Pivot Point S2 1447.7
Daily Pivot Point S3 1442.3
Daily Pivot Point R1 1469.33
Daily Pivot Point R2 1474.73
Daily Pivot Point R3 1482.85

 

 

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.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD bounces after upbeat COVID-19 cure news

EUR/USD is trading above 1.13, rebounding from the lows. Gilead reported that its drug Remdesevir substantially reduces mortality among COVID-19 patients. The news boosted stocks and weighed on the dollar. US coronavirus statistics are due out.

EUR/USD News

GBP/USD recaptures 1.26 as the market mood improves

GBP/USD is trading above 1.26 as the market mood improves and the safe-haven dollar retreats. Investors are shrugging off Brexit concerns and focusing on hopes to cure coronavirus. US COVID-19 statistics are due out.

GBP/USD News

XAU/USD consolidates daily gains above $1,800

After advancing to its highest level since September of 2011 at $1,818 on Wednesday, the XAU/USD pair staged a correction and briefly dropped below $1,800 on Thursday.

Gold News

Cryptocurrencies: War for dominance hit the bedrock of the market

Bitcoin tried to regain market share and activated sales in the Altcoin segment. BTC/USD, ETH/USD and XRP/USD are looking for supports and a rebound to push them to new elative highs. The current compression on the XRP/USD chart could trigger an exploding movement.

Read more

WTI once again breaks $40 per barrel after trading lower in early EU trade

There has been quite the bounce in WTI since the EU session after some strong selling pressure during Thursday and overnight. Once again on Friday's session, the price has taken the USD 40 per barrel handle. 

Oil News

Forex Majors

Cryptocurrencies

Signatures