Gold technical analysis: The yellow metal is nearing $1,500/oz


  • Gold is in consolidation mode, trading below the 1,500 mark. 
  • A daily close above 1,500 can lead to a run towards 1,510/1520 price levels. 
 

Gold daily chart

 
The yellow metal is trading in a bull trend above the 100 and 200-day simple moving averages (SMAs). In the last weeks, the market has been consolidating near $1,500 per ounce and the 50 SMA. 

Gold four-hour chart

 
The yellow metal is trading below the 200-period simple moving average (SMA) and below the 1,500 mark; all-in-all suggesting a bearish bias in the medium term. A break below $1,490 a troy once can expose the 1,460 swing low. On the flip side, a daily close above 1,500 could trigger a bull run towards the 1,510/1,520 resistance levels
 

Additional key levels

XAU/USD

Overview
Today last price 1496.2
Today Daily Change 6.20
Today Daily Change % 0.42
Today daily open 1490
 
Trends
Daily SMA20 1499.44
Daily SMA50 1507.16
Daily SMA100 1450.74
Daily SMA200 1373.59
 
Levels
Previous Daily High 1491.35
Previous Daily Low 1477.15
Previous Weekly High 1516.85
Previous Weekly Low 1474.2
Previous Monthly High 1557.03
Previous Monthly Low 1464.61
Daily Fibonacci 38.2% 1485.93
Daily Fibonacci 61.8% 1482.57
Daily Pivot Point S1 1480.98
Daily Pivot Point S2 1471.96
Daily Pivot Point S3 1466.78
Daily Pivot Point R1 1495.18
Daily Pivot Point R2 1500.36
Daily Pivot Point R3 1509.38

 

 

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