Gold technical analysis: Yellow metal ends the week on its lows, sub-$1480/oz

Flavio Tosti Independent Analyst

Gold daily chart

The market is retracing down below the 50 and 100 DSMAs. A break below 1455.50 swing low could open the doors to further losses towards the 1400 handle.

Alternatively, if the buyers can support the market, Gold could revisit 1480 and the 1500 level. A break above the 1520/1555 resistance can lead to a resumption of the uptrend.

Additional key levels

XAU/USD

Overview
Today last price	1462.93
Today Daily Change	-5.06
Today Daily Change %	-0.34
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

Author

Flavio Tosti

Independent Analyst

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.