Gold Price News and Forecast: XAU/USD spot longs at best support at the lower trend


XAU/USD analysis: Is above 1,910.00

The XAU/USD exchange rate has raised to the psychological level at 1,920.00.

On the one hand, it is likely that yellow metal could continue to appreciate against the US Dollar within the following trading session. In this case the rate could target the 1,930.00 mark.On the other hand, it is likely that the exchange rate could reverse south in the short run. Note that the rate could gain support from the 55-, 100– and 200-hour SMAs, as well the monthly PP in the 1,905.00 area. Read more...

XAUUSD

Gold Spot longs at best support at the lower trend

Gold longs hit 1913/15 for some profit taking with key 6 week trend line resistance at 1917/19. I think we will break higher. A break above 1923 should be enough confirmation of a medium term buy signal initially targeting the October high at 1932/33. A break higher targets 1940 & 1945.

Failure to beat key 6 week trend line resistance at 1917/19 targets 1913/12, perhaps as far as a buying opportunity at 1904/00, with stops below 1895. A break below here is a medium term sell signal. Read more...

Gold

Gold Price Analysis: XAU/USD holds steady near six-day tops, just below $1920 level

Gold traded with a positive bias through the first half of the European session and refreshed daily tops, around the $1923 region in the last hour, albeit lacked any strong follow-through.

The precious metal managed to gain traction for the third consecutive session on Wednesday and finally broke out of its four-day-old trading range. The prevalent selling bias surrounding the US dollar was seen as one of the key factors that benefitted the dollar-denominated commodity. Read more...

XAU/USD

Overview
Today last price 1915.88
Today Daily Change 9.66
Today Daily Change % 0.51
Today daily open 1906.22
 
Trends
Daily SMA20 1895
Daily SMA50 1924.78
Daily SMA100 1875.07
Daily SMA200 1756.53
 
Levels
Previous Daily High 1914.18
Previous Daily Low 1894.7
Previous Weekly High 1933.3
Previous Weekly Low 1882.46
Previous Monthly High 1992.42
Previous Monthly Low 1848.82
Daily Fibonacci 38.2% 1906.74
Daily Fibonacci 61.8% 1902.14
Daily Pivot Point S1 1895.89
Daily Pivot Point S2 1885.55
Daily Pivot Point S3 1876.41
Daily Pivot Point R1 1915.37
Daily Pivot Point R2 1924.51
Daily Pivot Point R3 1934.85

 

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