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 price 1333.92
Today Daily Change 7.02
Today Daily Change % 0.53
Today daily open 1326.9
 
Trends
Daily SMA20 1300.1
Daily SMA50 1291.23
Daily SMA100 1299.59
Daily SMA200 1266.68
Levels
Previous Daily High 1329.92
Previous Daily Low 1319.99
Previous Weekly High 1348.12
Previous Weekly Low 1306.18
Previous Monthly High 1306.9
Previous Monthly Low 1266.35
Daily Fibonacci 38.2% 1323.78
Daily Fibonacci 61.8% 1326.12
Daily Pivot Point S1 1321.29
Daily Pivot Point S2 1315.68
Daily Pivot Point S3 1311.37
Daily Pivot Point R1 1331.22
Daily Pivot Point R2 1335.53
Daily Pivot Point R3 1341.14

 

 

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