Gold technical analysis: The yellow metal is now testing the $1458.23 support zone


  • There has been some outflows away from safe-haven assets today gold is 0.62% lower.
  • The precious metal is testing the USD 1458.23 support level at the moment.

Gold Daily Chart

Gold has had a very hard time over the last four sessions losing around 3.4% of its value.

The chart is now showing that the key support zone of USD 1458.23 per ounce might get broken to the downside.

There has been a pattern of lower highs but the support zone has always been intact.

Now if there is a break it could confirm the technically bearish tone. 

On the weekly charts, the next prominent support level is USD 1375.12 per ounce.

Gold Analysis

Additional Levels

XAU/USD

Overview
Today last price 1460.2
Today Daily Change -7.79
Today Daily Change %  -0.53
Today daily open 1467.99
 
Trends
Daily SMA20 1493.18
Daily SMA50 1500.76
Daily SMA100 1476.26
Daily SMA200 1389.78
 
Levels
Previous Daily High 1492.2
Previous Daily Low 1461.14
Previous Weekly High 1515.38
Previous Weekly Low 1481.1
Previous Monthly High 1519.04
Previous Monthly Low 1455.5
Daily Fibonacci 38.2% 1473
Daily Fibonacci 61.8% 1480.33
Daily Pivot Point S1 1455.35
Daily Pivot Point S2 1442.71
Daily Pivot Point S3 1424.28
Daily Pivot Point R1 1486.41
Daily Pivot Point R2 1504.84
Daily Pivot Point R3 1517.48

 

 

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