Gold price analysis: XAU/USD rolling into the Asian session below $1465/oz resistance

Gold is ending the first day of the week little changed.
As XAU/USD remains vulnerable to the downside, sellers might have their eyes set on the 1455/50 price zone.

Flavio Tosti Independent Analyst

Gold daily chart

Gold stays under selling pressure near four-month lows while trading below the 1465 resistance and the 50/100 SMAs.

Gold four-hour chart

The metal remains vulnerable below the 1465 resistance and the main SMAs. The bears should try to extend the down 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 price	1461.94
Today Daily Change	1.24
Today Daily Change %	0.08
Today daily open	1460.7

Trends
Daily SMA20	1465.22
Daily SMA50	1481.73
Daily SMA100	1487.3
Daily SMA200	1405.02

Levels
Previous Daily High	1477.1
Previous Daily Low	1458.88
Previous Weekly High	1484.06
Previous Weekly Low	1454.05
Previous Monthly High	1515.38
Previous Monthly Low	1445.8
Daily Fibonacci 38.2%	1465.84
Daily Fibonacci 61.8%	1470.14
Daily Pivot Point S1	1454.02
Daily Pivot Point S2	1447.35
Daily Pivot Point S3	1435.81
Daily Pivot Point R1	1472.24
Daily Pivot Point R2	1483.78
Daily Pivot Point R3	1490.45

Author

Flavio Tosti

Independent Analyst

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