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

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 price1462.93
Today Daily Change-5.06
Today Daily Change %-0.34
Today daily open1467.99
 
Trends
Daily SMA201493.18
Daily SMA501500.76
Daily SMA1001476.26
Daily SMA2001389.78
 
Levels
Previous Daily High1492.2
Previous Daily Low1461.14
Previous Weekly High1515.38
Previous Weekly Low1481.1
Previous Monthly High1519.04
Previous Monthly Low1455.5
Daily Fibonacci 38.2%1473
Daily Fibonacci 61.8%1480.33
Daily Pivot Point S11455.35
Daily Pivot Point S21442.71
Daily Pivot Point S31424.28
Daily Pivot Point R11486.41
Daily Pivot Point R21504.84
Daily Pivot Point R31517.48

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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