Gold Price Analysis: XAU/USD bulls eyeing $1570.00/oz and above
Gold daily chart
Gold is trading in a bull trend above the main daily simple moving averages (SMAs). The market is evolving in a rising channel while the price appears to be supported above the 1560.00 figure.
Gold Daily News - Gold is lower as risk-on assets are gaining
The gold futures contract lost 0.60% on Tuesday, as it retraced some of its week-long advance from last Wednesday’s local low of $1,551.10. Investors reacted to the Fed’ Jerome Powell’s Testimony yesterday.The market continues to trade within a month-long consolidation following January 8 run-up to new medium-term high of $1,613.30.
|Today last price||1567.14|
|Today Daily Change||-1.50|
|Today Daily Change %||-0.10|
|Today daily open||1568.64|
|Previous Daily High||1574.12|
|Previous Daily Low||1562.11|
|Previous Weekly High||1594.01|
|Previous Weekly Low||1547.56|
|Previous Monthly High||1611.53|
|Previous Monthly Low||1517.1|
|Daily Fibonacci 38.2%||1566.7|
|Daily Fibonacci 61.8%||1569.53|
|Daily Pivot Point S1||1562.46|
|Daily Pivot Point S2||1556.28|
|Daily Pivot Point S3||1550.45|
|Daily Pivot Point R1||1574.47|
|Daily Pivot Point R2||1580.3|
|Daily Pivot Point R3||1586.48|
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.