Gold Technical Analysis: XAU/USD challenges the 1480 resistance near three-week's highs

The yellow metal is trading at its highest in the last three weeks.
The level to beat for bulls is the 1480 resistance.

Flavio Tosti Independent Analyst

Gold daily chart

Gold is reversing up from the November lows while breaking the 1465 resistance level. It is now nearing the 50 and 100-day simple moving averages (SMAs).

Gold four-hour chart

The metal is challenging the 1480 resistance near the 200 SMA. A break above this level can lead to further gains towards 1493 and 1520 if the bulls gather enough steam. Support is seen at the 1465 level.

Additional key levels

XAU/USD

Overview
Today last price	1479.86
Today Daily Change	16.84
Today Daily Change %	1.15
Today daily open	1463.02

Trends
Daily SMA20	1465.91
Daily SMA50	1484.7
Daily SMA100	1485.46
Daily SMA200	1402.03

Levels
Previous Daily High	1465.04
Previous Daily Low	1454.05
Previous Weekly High	1466.62
Previous Weekly Low	1450.74
Previous Monthly High	1515.38
Previous Monthly Low	1445.8
Daily Fibonacci 38.2%	1458.25
Daily Fibonacci 61.8%	1460.84
Daily Pivot Point S1	1456.37
Daily Pivot Point S2	1449.72
Daily Pivot Point S3	1445.38
Daily Pivot Point R1	1467.36
Daily Pivot Point R2	1471.7
Daily Pivot Point R3	1478.35

Author

Flavio Tosti

Independent Analyst

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