Gold Price Analysis: XAU/USD ends the week above the $1570/oz level

Bulls broke above 1570 on a daily closing basis.
Bulls will likely set their eyes on the 1580 and 1600 levels.

Flavio Tosti Independent Analyst

Gold daily chart

XAU/USD is trading in an uptrend above the main daily simple moving averages (SMAs). After failing near the 1600 figure earlier in the month, the metal has been consolidating near the $1560 per troy ounce.

Gold four-hour chart

Gold broke above the 1570 resistance on a daily basis. Bulls will likely set their eyes on the 1580 and 1600 levels. Support is seen at 1570 and 1563 levels.

Additional key levels

XAU/USD

Overview
Today last price	1564.24
Today Daily Change	1.70
Today Daily Change %	0.11
Today daily open	1562.54

Trends
Daily SMA20	1547.56
Daily SMA50	1502.62
Daily SMA100	1498.07
Daily SMA200	1442.94

Levels
Previous Daily High	1567.99
Previous Daily Low	1551.94
Previous Weekly High	1562
Previous Weekly Low	1536.35
Previous Monthly High	1525.1
Previous Monthly Low	1454.05
Daily Fibonacci 38.2%	1561.86
Daily Fibonacci 61.8%	1558.07
Daily Pivot Point S1	1553.66
Daily Pivot Point S2	1544.77
Daily Pivot Point S3	1537.61
Daily Pivot Point R1	1569.71
Daily Pivot Point R2	1576.87
Daily Pivot Point R3	1585.76

Author

Flavio Tosti

Independent Analyst

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