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. 
 

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

 

 

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