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Gold Technical Analysis: Continuing to trip higher up the charts, aimed for $1,280.00

  • Intraday bidding action for Gold is seeing the precious metal clip into immediate highs near 1,278.00, and intraday higher lows are propping up XAU/USD for a run higher.

Gold, 5-Minute

  • The near-term sees Gold geared for a bullish run higher as broader market sentiment continues to pin into the fearful side, keeping the precious metal well-bid as investors struggle to pick a direction for equities and the greenback.

Gold, 30-Minute

  • 4-hour candles have Gold sitting firmly in overbought territory, and with technical indicators firmly pinned to hot readings, a new run-up for XAU/USD could require a retracement to the 1,250.00 region first.

Gold, 4-Hour

XAU/USD

Overview:
    Today Last Price: 1277.38
    Today Daily change: 2.1e+2 pips
    Today Daily change %: 0.166%
    Today Daily Open: 1275.26
Trends:
    Previous Daily SMA20: 1248.23
    Previous Daily SMA50: 1232.06
    Previous Daily SMA100: 1218.8
    Previous Daily SMA200: 1229.56
Levels:
    Previous Daily High: 1279.05
    Previous Daily Low: 1265.76
    Previous Weekly High: 1266.8
    Previous Weekly Low: 1235.85
    Previous Monthly High: 1237.4
    Previous Monthly Low: 1196.4
    Previous Daily Fibonacci 38.2%: 1273.97
    Previous Daily Fibonacci 61.8%: 1270.83
    Previous Daily Pivot Point S1: 1267.66
    Previous Daily Pivot Point S2: 1260.06
    Previous Daily Pivot Point S3: 1254.37
    Previous Daily Pivot Point R1: 1280.96
    Previous Daily Pivot Point R2: 1286.65
    Previous Daily Pivot Point R3: 1294.25

 

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