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

Flavio Tosti Independent Analyst

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

Author

Flavio Tosti

Independent Analyst

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