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Gold Technical Analysis: Yellow Metal getting ready to pop to $1,246.00/oz

Gold daily chart

  • Gold is trading above the 200-day simple moving average. 

Gold 4-hour chart

  • The momentum is bullish as the yellow metal is trading above the 50 SMA. 

Gold 30-minute chart

  • Gold is finding some support at the 200 SMA. 
  • The bull target can be near $1,246.00 a troy ounce.

Additional key levels

XAU/USD

Overview:
    Today Last Price: 1242.5
    Today Daily change: -1.8e+2 pips
    Today Daily change %: -0.148%
    Today Daily Open: 1244.34
Trends:
    Previous Daily SMA20: 1226.37
    Previous Daily SMA50: 1224.54
    Previous Daily SMA100: 1211.92
    Previous Daily SMA200: 1232.22
Levels:
    Previous Daily High: 1250.85
    Previous Daily Low: 1241.8
    Previous Weekly High: 1250.1
    Previous Weekly Low: 1221.39
    Previous Monthly High: 1237.4
    Previous Monthly Low: 1196.4
    Previous Daily Fibonacci 38.2%: 1245.26
    Previous Daily Fibonacci 61.8%: 1247.39
    Previous Daily Pivot Point S1: 1240.48
    Previous Daily Pivot Point S2: 1236.62
    Previous Daily Pivot Point S3: 1231.43
    Previous Daily Pivot Point R1: 1249.53
    Previous Daily Pivot Point R2: 1254.71
    Previous Daily Pivot Point R3: 1258.58

 

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