Gold daily chart
- Gold is trading in a bull trend above its main simple moving averages (SMAs).
Gold 4-hour chart
- Gold is trading above the main SMAs but currently capped by the 1,297.00 resistance.
Gold 30-minute chart
- As bears are losing steam below the 50 and 100 SMA, the metal is likely to decline to the 1,288.75 target.
- On the flip side, Resistance is seen at the 1297.00 level.
Additional key levels
XAU/USD
Overview:
Today Last Price: 1291.6
Today Daily change: -150 pips
Today Daily change %: -0.116%
Today Daily Open: 1293.1
Trends:
Daily SMA20: 1281.08
Daily SMA50: 1249.37
Daily SMA100: 1231.38
Daily SMA200: 1228.91
Levels:
Previous Daily High: 1295.25
Previous Daily Low: 1276.2
Previous Weekly High: 1297.15
Previous Weekly Low: 1279.35
Previous Monthly High: 1284.7
Previous Monthly Low: 1221.39
Daily Fibonacci 38.2%: 1287.97
Daily Fibonacci 61.8%: 1283.48
Daily Pivot Point S1: 1281.12
Daily Pivot Point S2: 1269.14
Daily Pivot Point S3: 1262.07
Daily Pivot Point R1: 1300.17
Daily Pivot Point R2: 1307.23
Daily Pivot Point R3: 1319.22
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended content
Editors’ Picks
EUR/USD holds gains above 1.0700 as USD struggles ahead of data
EUR/USD is posting small gains above 1.0700 in the European session on Thursday. The pair remains underpinned by a sustained US Dollar weakness, in the aftermath of the Fed policy announcements and ahead of more US employment data.
GBP/USD stays firm above 1.2500 amid US Dollar weakness
GBP/USD is consolidating the rebound above 1.2500 in European trading on Thursday. The pair's uptick is supported by a broadly weakness US Dollar on dovish Fed signals. A mixed market mood could cap the GBP/USD upside ahead of mid-tier US data.
Gold price trades with modest losses amid positive risk tone, downside seems limited
Gold price edges lower amid an uptick in the US bond yields, though the downside seems cushioned. A positive risk tone is seen as another factor undermining demand for the safe-haven precious metal.
Top 3 Price Prediction BTC, ETH, XRP: Altcoins to pump once BTC bottoms out, slow grind up for now
Bitcoin reclaiming above $59,200 would hint that BTC has already bottomed out, setting the tone for a run north. Ethereum holding above $2,900 keeps a bullish reversal pattern viable despite falling momentum. Ripple coils up for a move north as XRP bulls defend $0.5000.
Happy Apple day
Apple is due to report Q1 results today after the bell. Expectations are soft given that Apple’s Chinese business got a major hit in Q1 as competitors increased their market share against the giant Apple.