Gold Technical Analysis: Slow bullish grind above  $1,300.00 /oz

Gold daily chart

  • Gold is in a bull trend above its main simple moving averages (SMAs).

Gold 4-hour chart

  • Gold is trading above its 100 and 200 SMA suggesting bullish momentum.

Gold 30-minute chart

  • Gold is trading just above its main SMAs suggesting a mild bullish bias. 
  • The level to beat for bulls is 1,317.50 in order to reach 1,326.00.
  • To the downside, support can be seen near 1,306.40 and 1,300.00 figure.

Additional key levels

XAU/USD

Overview:
    Today Last Price: 1311.71
    
    Today Daily change %: 0.05%
    Today Daily Open: 1311.08
Trends:
    Daily SMA20: 1301.98
    Daily SMA50: 1280.88
    Daily SMA100: 1251.29
    Daily SMA200: 1231.61
Levels:
    Previous Daily High: 1314.8
    Previous Daily Low: 1306.65
    Previous Weekly High: 1322.3
    Previous Weekly Low: 1300.1
    Previous Monthly High: 1326.25
    Previous Monthly Low: 1275.9
    Daily Fibonacci 38.2%: 1311.69
    Daily Fibonacci 61.8%: 1309.76
    Daily Pivot Point S1: 1306.88
    Daily Pivot Point S2: 1302.69
    Daily Pivot Point S3: 1298.73
    Daily Pivot Point R1: 1315.03
    Daily Pivot Point R2: 1318.99
    Daily Pivot Point R3: 1323.18

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

EUR/USD nears daily lows as risk turns off

Global economic slowdown, Brexit stalemate, and dovish central banks are taking their toll on the financial world, with equities giving up, and the dollar taking advantage of it.

EUR/USD News

GBP/USD slips from the highs amid concerns about Brexit, global economy

GBP/USD trades in the mid 1.3000s, off the highs.,The clock is ticking towards Brexit and worries about the global economy also weigh. US data came out below expectations. 

GBP/USD News