Gold technical analysis: Yellow metal gets intraday boost above the 1,400.00 figure

Gold is spiking up and nearing 1,414.00 and 1,420.00 resistances.
The main support is seen at the 1,400.00 figure.

Flavio Tosti Independent Analyst

Gold daily chart

Gold is currently consolidating gains in a triangle above its main daily simple moving averages (DSMAs)

Gold 4-hour chart

The market is trading above the 1,400.00 mark and the main SMAs suggesting bullish momentum in the medium term.

Gold 30-minute chart

Gold is having an intraday boost within its weekly range. Resistance can be seen at 1,1414.00 and 1,1420.00. On the other hand the main support is seen at the 1,1400.00 handle.

Additional key levels to consider

XAU/USD

Overview
Today last price	1411.84
Today Daily Change	5.66
Today Daily Change %	0.40
Today daily open	1406.18

Trends
Daily SMA20	1405.48
Daily SMA50	1345.32
Daily SMA100	1319.39
Daily SMA200	1290.34

Levels
Previous Daily High	1418.3
Previous Daily Low	1401.4
Previous Weekly High	1427.05
Previous Weekly Low	1386.34
Previous Monthly High	1438.66
Previous Monthly Low	1306.18
Daily Fibonacci 38.2%	1407.85
Daily Fibonacci 61.8%	1411.84
Daily Pivot Point S1	1398.95
Daily Pivot Point S2	1391.73
Daily Pivot Point S3	1382.06
Daily Pivot Point R1	1415.85
Daily Pivot Point R2	1425.52
Daily Pivot Point R3	1432.74

Author

Flavio Tosti

Independent Analyst

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