Gold technical analysis: Yellow metal surges to almost 6-year high past  $1,400.00/oz


  • Gold is unstoppable as bulls break to multi-year highs.
  • The level to beat for buyers is  $1,433.82 per troy ounce.

Gold weekly chart

Gold is trading at its highest since September 2013. The market is in a bull trend above the weekly simple moving averages (WSMAs). 1,433.82 August 2013 swing high can be the next resistance followed by the 1,500.00 handle. 


Gold daily chart


Gold is trading above its main simple moving averages (SMAs) suggesting bullish momentum. Support is seen at the 1,400.00 mark and at the 1,360.00 level.

Additional key levels

XAU/USD

Overview
Today last price 1414.7
Today Daily Change 15.20
Today Daily Change % 1.09
Today daily open 1399.5
 
Trends
Daily SMA20 1330.06
Daily SMA50 1301.03
Daily SMA100 1304.09
Daily SMA200 1273.14
Levels
Previous Daily High 1411.35
Previous Daily Low 1382.7
Previous Weekly High 1411.35
Previous Weekly Low 1333
Previous Monthly High 1306.9
Previous Monthly Low 1266.35
Daily Fibonacci 38.2% 1400.41
Daily Fibonacci 61.8% 1393.64
Daily Pivot Point S1 1384.35
Daily Pivot Point S2 1369.2
Daily Pivot Point S3 1355.7
Daily Pivot Point R1 1413
Daily Pivot Point R2 1426.5
Daily Pivot Point R3 1441.65

 

 

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