Gold Price News and Forecast: The yellow metal is trading at its highest in the last three weeks


Gold Technical Analysis: XAU/USD challenges the 1480 resistance near three-week's highs

Gold daily chart

Gold is reversing up from the November lows while breaking the 1465 resistance level. It is now nearing the 50 and 100-day simple moving averages (SMAs). 

Gold four-hour chart 

The metal is challenging the 1480 resistance near the 200 SMA. A break above this level can lead to further gains towards 1493 and 1520 if the bulls gather enough steam. Support is seen at the 1465 level.

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Gold rallies, stocks sell-off as Trump dashes US-China trade optimism

Gold rallied sharply today as stocks sold off for the second straight day after Donald Trump raised fresh doubts over the US-China trade deal. The US President suggested the deal may have to wait until after the US election in November 2020.

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XAG/USD

Overview
Today last price 17.17
Today Daily Change 0.26
Today Daily Change % 1.54
Today daily open 16.91
 
Trends
Daily SMA20 17.05
Daily SMA50 17.43
Daily SMA100 17.38
Daily SMA200 16.21
 
Levels
Previous Daily High 17.02
Previous Daily Low 16.82
Previous Weekly High 17.12
Previous Weekly Low 16.61
Previous Monthly High 18.22
Previous Monthly Low 16.61
Daily Fibonacci 38.2% 16.9
Daily Fibonacci 61.8% 16.95
Daily Pivot Point S1 16.81
Daily Pivot Point S2 16.72
Daily Pivot Point S3 16.62
Daily Pivot Point R1 17.01
Daily Pivot Point R2 17.11
Daily Pivot Point R3 17.2

 

 

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