Gold Price Analysis: XAU/USD rolling into Asia below $1465/oz

Gold is ending Tuesday’s New York session just below the 1465 resistance level.
Support can be seen at the 1455/50 price zone.

Flavio Tosti Independent Analyst

Gold daily chart

Gold is hovering near four-month lows while trading below the 1465 resistance and its 50/100 SMAs. However, traders should be aware that the FOMC on Wednesday could lead to high volatility.

Gold four-hour chart

Tuesday’s bullish attempt failed below the 1472 resistance level. Bulls would need a daily close above that level to attract further buying interest. On the flip side, below the 1465 resistance and the 50/100 SMAs, the metal could remain vulnerable to the downside as bears will likely try to push prices down towards the 1455/50 price zone.

Additional key levels

XAU/USD

Overview
Today last price	1464.57
Today Daily Change	3.57
Today Daily Change %	0.24
Today daily open	1461

Trends
Daily SMA20	1465.51
Daily SMA50	1481.5
Daily SMA100	1487.66
Daily SMA200	1405.88

Levels
Previous Daily High	1465.4
Previous Daily Low	1458.82
Previous Weekly High	1484.06
Previous Weekly Low	1454.05
Previous Monthly High	1515.38
Previous Monthly Low	1445.8
Daily Fibonacci 38.2%	1462.88
Daily Fibonacci 61.8%	1461.33
Daily Pivot Point S1	1458.08
Daily Pivot Point S2	1455.15
Daily Pivot Point S3	1451.49
Daily Pivot Point R1	1464.66
Daily Pivot Point R2	1468.32
Daily Pivot Point R3	1471.25

Author

Flavio Tosti

Independent Analyst

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