Gold Technical Analysis: Bears betting on a break below $1,290.00/oz

Flavio Tosti Independent Analyst

Gold daily chart

Gold is trading in a bull trend above its 100 and 200 simple moving averages (SMAs).

Gold 4-hour chart

Gold is trading below its main SMAs suggesting a bearish bias in the medium-term.

Gold 30-minute chart

Gold is trading below its main SMAs suggesting bearish momentum in the short-term.
Bears are eagerly looking for a break below 1,290.00 support. A break below the level can lead to 1,280.00 and 1,270.00 level.
Resistance is at 1,296.00 and 1,300.00 figure.

Additional key levels

XAU/USD

Overview
Today last price	1292.07
Today Daily Change	0.89
Today Daily Change %	0.07
Today daily open	1291.18

Trends
Daily SMA20	1301.23
Daily SMA50	1307.15
Daily SMA100	1287.01
Daily SMA200	1247.13

Levels
Previous Daily High	1309.28
Previous Daily Low	1289.9
Previous Weekly High	1297.05
Previous Weekly Low	1281.06
Previous Monthly High	1327.8
Previous Monthly Low	1280.1
Daily Fibonacci 38.2%	1297.3
Daily Fibonacci 61.8%	1301.87
Daily Pivot Point S1	1284.3
Daily Pivot Point S2	1277.41
Daily Pivot Point S3	1264.92
Daily Pivot Point R1	1303.67
Daily Pivot Point R2	1316.16
Daily Pivot Point R3	1323.05

Author

Flavio Tosti

Independent Analyst

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