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Gold price analysis: XAU/USD eases from session’s highs, trades below $1465/oz

  • Gold is off daily highs as the market is challenging the 1465 resistance.
  • Support is seen at the 1455/50 price zone. 
 

Gold daily chart

  
Gold stays not far away from four-month lows while trading below the 1465 resistance and the 50/100 SMAs. 
 

Gold four-hour chart 

 
The metal remains capped below the 1465 resistance and the 50/100 SMAs. Providing the 1472 resistance holds, the sellers might want to extend the bear move towards the 1455/50 zone and potentially to the 1440 level on the way down. Resistance is seen at the 1465 and 1472 price levels. 
  

Additional key levels

XAU/USD

Overview
Today last price1464
Today Daily Change3.00
Today Daily Change %0.21
Today daily open1461
 
Trends
Daily SMA201465.51
Daily SMA501481.5
Daily SMA1001487.66
Daily SMA2001405.88
 
Levels
Previous Daily High1465.4
Previous Daily Low1458.82
Previous Weekly High1484.06
Previous Weekly Low1454.05
Previous Monthly High1515.38
Previous Monthly Low1445.8
Daily Fibonacci 38.2%1462.88
Daily Fibonacci 61.8%1461.33
Daily Pivot Point S11458.08
Daily Pivot Point S21455.15
Daily Pivot Point S31451.49
Daily Pivot Point R11464.66
Daily Pivot Point R21468.32
Daily Pivot Point R31471.25

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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