Gold Technical Analysis: Yellow Metal bears eyeing the 1,280.00 level

Flavio Tosti Independent Analyst

Gold daily chart

Gold is trading in a bull trend above the 200-period simple moving average (SMA).

Gold 4-hour chart

Gold is trading above its main SMAs suggesting bullish momentum.
Gold is now testing the 50 SMA.

Gold 30-minute chart

Gold broke below the 200 SMA potentially opening the door to the 1,280.00 level to the downside.

Additional key levels

XAU/USD

Overview:
    Today Last Price: 1286.3
    Today Daily change: -7.3e+2 pips
    Today Daily change %: -0.563%
    Today Daily Open: 1293.58
Trends:
    Previous Daily SMA20: 1269.6
    Previous Daily SMA50: 1242.3
    Previous Daily SMA100: 1226.7
    Previous Daily SMA200: 1229.12
Levels:
    Previous Daily High: 1293.95
    Previous Daily Low: 1280.29
    Previous Weekly High: 1298.42
    Previous Weekly Low: 1276.82
    Previous Monthly High: 1284.7
    Previous Monthly Low: 1221.39
    Previous Daily Fibonacci 38.2%: 1288.73
    Previous Daily Fibonacci 61.8%: 1285.51
    Previous Daily Pivot Point S1: 1284.6
    Previous Daily Pivot Point S2: 1275.61
    Previous Daily Pivot Point S3: 1270.94
    Previous Daily Pivot Point R1: 1298.26
    Previous Daily Pivot Point R2: 1302.94
    Previous Daily Pivot Point R3: 1311.92

Author

Flavio Tosti

Independent Analyst

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