Gold technical analysis: Bulls are in the safe-zone, but are barely holding on

23.6% Fibo of the latest swing lows and highs could open up lower levels.
The $1,373/76 zone meets the 19th June spike correction low.

Ross J Burland FXStreet

The 1400 psychological level is holding up which is just as well for the bulls, as a couple of dollars, a break of the 23.6% Fibo of the latest swing lows and highs could open up an onslaught to the downside. Below that level, the $1,373/76 zone meets the 19th June spike correction lows and the 38.2% Fibo of the same swing ranges. On a break back to the upside, 1410, 1419 and 1424 are all prior highs and lows which are guarding a run to the 1440 objective.

XAU/USD

Overview
Today last price	1405.82
Today Daily Change	-0.36
Today Daily Change %	-0.03
Today daily open	1406.18

Trends
Daily SMA20	1405.48
Daily SMA50	1345.32
Daily SMA100	1319.39
Daily SMA200	1290.34

Levels
Previous Daily High	1418.3
Previous Daily Low	1401.4
Previous Weekly High	1427.05
Previous Weekly Low	1386.34
Previous Monthly High	1438.66
Previous Monthly Low	1306.18
Daily Fibonacci 38.2%	1407.85
Daily Fibonacci 61.8%	1411.84
Daily Pivot Point S1	1398.95
Daily Pivot Point S2	1391.73
Daily Pivot Point S3	1382.06
Daily Pivot Point R1	1415.85
Daily Pivot Point R2	1425.52
Daily Pivot Point R3	1432.74

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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