Gold technical analysis: Yellow metal rises to a 4-day high near $1,285.00/oz

Flavio Tosti Independent Analyst

Gold daily chart

Gold is having positive action this Thursday as the market broke above the 1,280.00 mark.

Gold 4-hour chart

Gold pushed into its main simple moving averages (SMAs) near the 1,285.00 level.

Gold 30-minute chart

The market is trading above1,280.00 and its main SMAs suggesting bullish momentum in the near term. If bulls break 1,288.00 resistance the market can continue to rise towards 1,290.00 and potentially to 1,294.00 if the bulls gather enough steam. Supports are at 1,280.00 and 1,277.50 levels.

Additional key levels

XAU/USD

Overview
Today last price	1284.08
Today Daily Change	12.28
Today Daily Change %	0.97
Today daily open	1271.8

Trends
Daily SMA20	1282.95
Daily SMA50	1290.27
Daily SMA100	1296.71
Daily SMA200	1259.02

Levels
Previous Daily High	1277.34
Previous Daily Low	1269.1
Previous Weekly High	1311.8
Previous Weekly Low	1275.09
Previous Monthly High	1310.7
Previous Monthly Low	1265.6
Daily Fibonacci 38.2%	1272.25
Daily Fibonacci 61.8%	1274.19
Daily Pivot Point S1	1268.16
Daily Pivot Point S2	1264.51
Daily Pivot Point S3	1259.92
Daily Pivot Point R1	1276.4
Daily Pivot Point R2	1280.99
Daily Pivot Point R3	1284.64

Author

Flavio Tosti

Independent Analyst

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