Gold Technical Analysis: Yellow Metal set to move up to $1,286.00/oz


Gold daily chart

Gold 4-hour chart

  • Gold broke below the 50 and 100 SMAs. 

Gold 30-minute chart

  • As gold is holding above 1,280.00 a retest of 1286.00 to the upside is on the cards.  

Additional key levels

XAU/USD

Overview:
    Today Last Price: 1283.4
    Today Daily change: -8.49 pips
    Today Daily change %: -0.66%
    Today Daily Open: 1291.89
Trends:
    Daily SMA20: 1282.63
    Daily SMA50: 1251.02
    Daily SMA100: 1232.26
    Daily SMA200: 1228.87
Levels:
    Previous Daily High: 1295.45
    Previous Daily Low: 1288.95
    Previous Weekly High: 1297.15
    Previous Weekly Low: 1279.35
    Previous Monthly High: 1284.7
    Previous Monthly Low: 1221.39
    Daily Fibonacci 38.2%: 1291.43
    Daily Fibonacci 61.8%: 1292.97
    Daily Pivot Point S1: 1288.74
    Daily Pivot Point S2: 1285.6
    Daily Pivot Point S3: 1282.24
    Daily Pivot Point R1: 1295.24
    Daily Pivot Point R2: 1298.6
    Daily Pivot Point R3: 1301.74

 

Share: Feed news

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended content

Editors’ Picks

AUD/USD dips below 0.6600 following RBA’s decision

AUD/USD dips below 0.6600 following RBA’s decision

The Australian Dollar registered losses of around 0.42% against the US Dollar on Tuesday, following the RBA's monetary policy decision to keep rates unchanged. However, it was perceived as a dovish decision. As Wednesday's Asian session began, the AUD/USD trades near 0.6591.

AUD/USD News

EUR/USD lacks momentum, churns near 1.0750

EUR/USD lacks momentum, churns near 1.0750

EUR/USD cycled familiar levels again on Tuesday, testing the waters near 1.0750 as broader markets look for signals to push in either direction. Risk appetite was crimped on Tuesday after Fedspeak from key US Federal Reserve officials threw caution on hopes for approaching rate cuts from the Fed.

EUR/USD News

Gold wanes as US Dollar soars, unfazed by lower US yields

Gold wanes as US Dollar soars, unfazed by lower US yields

Gold price slipped during the North American session, dropping around 0.4% amid a strong US Dollar and falling US Treasury bond yields. A scarce economic docket in the United States would keep investors focused on Federal Reserve officials during the week after last Friday’s US employment report.

Gold News

Solana FireDancer validator launches documentation website, SOL price holds 23% weekly gains

Solana FireDancer validator launches documentation website, SOL price holds 23% weekly gains

Solana network has been sensational since the fourth quarter (Q4) of 2023, making headlines with a series of successful meme coin launches that outperformed their peers.

Read more

Living vicariously through rate cut expectations

Living vicariously through rate cut expectations

U.S. stock indexes made gains on Tuesday as concerns about an overheating U.S. economy ease, particularly with incoming economic reports showing data surprises at their most negative levels since February of last year. 

Read more

Forex MAJORS

Cryptocurrencies

Signatures