Gold price analysis: XAU/USD under pressure near four-month lows, trades below $1465/oz


  • Gold remains under pressure at the start of the week. 
  • Bears are likely eying the 1455/50 price zone. 
 

Gold daily chart

  
Gold remains under bearish pressure near four-month lows below the 1465 resistance and the 50/100 SMAs.  
 

Gold four-hour chart 

 
The metal is weakening below the main SMAs. The sellers will likely try to extend the bear move towards the 1455/50 zone and potentially to the 1440 lebel on the way down. Resistance is seen at the 1465 and 1472 price levels. 
  

Additional key levels

XAU/USD

Overview
Today last price 1460.78
Today Daily Change 0.08
Today Daily Change % 0.01
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

 

 

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