Gold Price News & Forecast: XAU/USD $1,475 continues to cap upside


Gold technical analysis: $1,475 continues to cap upside

The yellow metal is currently trading at $1,473 per Oz, having hit a high of $1,475.25 an hour ago. Notably, $1,475 capped upside on Monday, Tuesday and also on Nov. 14. 

As a result, it is the level to beat for the bulls. A convincing break higher will likely yield a quick move to $1,480-$1,482. Read more...

gold daily chart

XAU/USD struggles to gain altitude despite renewed US-China political tensions

Gold, a classic safe-haven asset, is having a tough time posting gains despite the renewed political tensions between the US and China.

The yellow metal remains trapped in a narrow range of $1,470 to $1,475 for the eighth straight hour. Read more…

Gold Technical levels

XAU/USD

Overview
Today last price 1474.7
Today Daily Change 2.21
Today Daily Change % 0.15
Today daily open 1472.49
 
Trends
Daily SMA20 1483.7
Daily SMA50 1491.93
Daily SMA100 1480.71
Daily SMA200 1395.85
 
Levels
Previous Daily High 1475.43
Previous Daily Low 1465.08
Previous Weekly High 1474.6
Previous Weekly Low 1445.8
Previous Monthly High 1519.04
Previous Monthly Low 1455.5
Daily Fibonacci 38.2% 1471.47
Daily Fibonacci 61.8% 1469.03
Daily Pivot Point S1 1466.57
Daily Pivot Point S2 1460.64
Daily Pivot Point S3 1456.21
Daily Pivot Point R1 1476.92
Daily Pivot Point R2 1481.35
Daily Pivot Point R3 1487.28

 

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