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.

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

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD rising after upbeat German PMI data

EUR/USD is trading around 1.1100, up on the day. German manufacturing PMI surprised with 43.6 and other figures also beat expectations. The ECB minutes are next.

EUR/USD News

GBP/USD stabilizing above 1.2100 ahead of the Johnson-Macron meeting

GBP/USD is trading above 1.2100, steady. After German Chancellor Merkel offered UK PM Johnson 30 days to solve the Irish Backstop problem, Johnson meets French President Macron.

GBP/USD News

USD/JPY: Weaker below 106.50, focus on T-yields ahead of Powell

USD/JPY trades weaker below the 106.50 level, tracking the negative S&P 500 futures and a cautious sentiment on the Asian equities, as attention shifts from the FOMC minutes to the Fed's Powell speech for fresh direction. 

USD/JPY News

Gold: Trapped in a symmetrical triangle

Gold is trapped in a narrowing price or a symmetrical triangle pattern, according to the 4-hour chart. The yellow metal rose to a six-year high of $1,353 per Oz on Aug. 13 and has charted lower highs and higher lows ever since.

Gold News

Top 3 Price Prediction Bitcoin, Ripple, Ethereum: BTC to $50,000 or Gold to $5,000? Current crypto levels to watch

"Gold will reach $5,000" claimed Peter Schiff, a crypto critic, and a gold bug. "Bitcoin will reach $50,000," said Tom Lee. Both influences clashed on social media and on television about future prices. 

Read more

MAJORS

Cryptocurrencies

Signatures


  •  
  •  
  •  
  •  
  •