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

FXStreet Team FXStreet

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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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

Author

FXStreet Team

FXStreet

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