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Gold Technical Analysis: Metal remains undecided below the 1465 level

  • The yellow metal is looking for directions in the New York session. 
  • The market is focusing on the 1465 level, which is a critical resistance in the medium term.
 

Gold daily chart

 
Gold is starting December pressuring the 1465 resistance level while below the 50/100 SMAs. However, the bear case would entail a break below the 1445 swing low on a daily closing basis for a potential dive to the 1400 figure near the 200-day SMA. 
 

Gold four-hour chart 

 
The metal is challenging the 50 and 100 SMAs as the market is trying to find a clear direction hovering above the November lows. A break above the 1465 resistance can lead to further buying interest towards the 1480 level. 
    

Additional key levels

XAU/USD

Overview
Today last price1460.9
Today Daily Change-3.04
Today Daily Change %-0.21
Today daily open1463.94
 
Trends
Daily SMA201468.19
Daily SMA501485.89
Daily SMA1001484.97
Daily SMA2001401.35
 
Levels
Previous Daily High1466.62
Previous Daily Low1453.1
Previous Weekly High1466.62
Previous Weekly Low1450.74
Previous Monthly High1515.38
Previous Monthly Low1445.8
Daily Fibonacci 38.2%1461.45
Daily Fibonacci 61.8%1458.26
Daily Pivot Point S11455.82
Daily Pivot Point S21447.7
Daily Pivot Point S31442.3
Daily Pivot Point R11469.33
Daily Pivot Point R21474.73
Daily Pivot Point R31482.85

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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