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Gold technical analysis: Yellow metal is capped below $1,346.00/oz

  • Gold seems to have run out of steam below 1,346.00
  • A break below 1,320.00 would confirm the bearish case.

Gold daily chart

Gold is consolidating the recent gains below the 1,346.00 resistance.


Gold 4-hour chart


Gold is trading above its main simple moving averages (SMAs) suggesting bullish pressure in the near term.

Gold 30-minute chart

Bulls will attempt to regain 1,338.00 to climb up to 1,346.00 resistance. On the flip side, sellers can try to break below 1,326.00 and 1,320.00 support to travel south near 1,303.00.

Additional key levels

XAU/USD

Overview
Today last price1333.92
Today Daily Change7.02
Today Daily Change %0.53
Today daily open1326.9
 
Trends
Daily SMA201300.1
Daily SMA501291.23
Daily SMA1001299.59
Daily SMA2001266.68
Levels
Previous Daily High1329.92
Previous Daily Low1319.99
Previous Weekly High1348.12
Previous Weekly Low1306.18
Previous Monthly High1306.9
Previous Monthly Low1266.35
Daily Fibonacci 38.2%1323.78
Daily Fibonacci 61.8%1326.12
Daily Pivot Point S11321.29
Daily Pivot Point S21315.68
Daily Pivot Point S31311.37
Daily Pivot Point R11331.22
Daily Pivot Point R21335.53
Daily Pivot Point R31341.14

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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