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.

Flavio Tosti Independent Analyst

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 price	1460.9
Today Daily Change	-3.04
Today Daily Change %	-0.21
Today daily open	1463.94

Trends
Daily SMA20	1468.19
Daily SMA50	1485.89
Daily SMA100	1484.97
Daily SMA200	1401.35

Levels
Previous Daily High	1466.62
Previous Daily Low	1453.1
Previous Weekly High	1466.62
Previous Weekly Low	1450.74
Previous Monthly High	1515.38
Previous Monthly Low	1445.8
Daily Fibonacci 38.2%	1461.45
Daily Fibonacci 61.8%	1458.26
Daily Pivot Point S1	1455.82
Daily Pivot Point S2	1447.7
Daily Pivot Point S3	1442.3
Daily Pivot Point R1	1469.33
Daily Pivot Point R2	1474.73
Daily Pivot Point R3	1482.85

Author

Flavio Tosti

Independent Analyst

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