Gold technical analysis: Yellow metal clings to 6-year highs above $1,500.00/oz


  • The risk-aversion mood keeps gold near 6-year highs.
  • The level to beat for buyers is 1,510.16, the 2019 high.
 

Gold daily chart

 
 
Gold is hovering near 6-year highs as the risk-off mood keep the demand for the safe-haven metal high.
 
 

Gold 4-hour chart

 
 
The yellow metal bulls will need to break above $1,510.16 a troy ounce, the current 2019 high, to continue the march north towards 1,530.00 and 1,555.00 resistances. Gold is trading above its primary simple moving averages, suggesting bullish momentum in the medium term. Supports are seen at the 1,477.00 and the 1,454.00 levels.
 

Additional key levels 

XAU/USD

Overview
Today last price 1506.2
Today Daily Change 10.37
Today Daily Change % 0.69
Today daily open 1495.83
 
Trends
Daily SMA20 1440.69
Daily SMA50 1402.37
Daily SMA100 1344.97
Daily SMA200 1309.76
Levels
Previous Daily High 1508.2
Previous Daily Low 1495
Previous Weekly High 1510.16
Previous Weekly Low 1436.96
Previous Monthly High 1452.72
Previous Monthly Low 1382.02
Daily Fibonacci 38.2% 1500.04
Daily Fibonacci 61.8% 1503.16
Daily Pivot Point S1 1491.15
Daily Pivot Point S2 1486.48
Daily Pivot Point S3 1477.95
Daily Pivot Point R1 1504.35
Daily Pivot Point R2 1512.88
Daily Pivot Point R3 1517.55

 

 

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