Gold Price Analysis: XAU/USD trading at one-month highs, challenging $1485/oz

Gold is testing the 1485 resistance near the 100-day SMA.
The level to beat for buyers is the 1492 resistance.

Flavio Tosti Independent Analyst

Gold daily chart

Gold is trading near its highest point in a month while nearing the 100-day SMA. Since September gold has been consolidating the previous gains made in early 2019.

Gold four-hour chart

XAU/USD is challenging the 1485 resistance level while above its main SMAs on the four-hour chart. A daily close above 1485 can lead to further gains towards the 1492 and 1515 resistances. Support is seen at the 1479 and 1472 price levels.

Additional key levels

XAU/USD

Overview
Today last price	1484.4
Today Daily Change	9.26
Today Daily Change %	0.63
Today daily open	1475.14

Trends
Daily SMA20	1466.35
Daily SMA50	1480.72
Daily SMA100	1488.62
Daily SMA200	1407.7

Levels
Previous Daily High	1478.6
Previous Daily Low	1462.8
Previous Weekly High	1484.06
Previous Weekly Low	1454.05
Previous Monthly High	1515.38
Previous Monthly Low	1445.8
Daily Fibonacci 38.2%	1472.56
Daily Fibonacci 61.8%	1468.84
Daily Pivot Point S1	1465.76
Daily Pivot Point S2	1456.38
Daily Pivot Point S3	1449.96
Daily Pivot Point R1	1481.56
Daily Pivot Point R2	1487.98
Daily Pivot Point R3	1497.36

Author

Flavio Tosti

Independent Analyst

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