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Gold Technical Analysis: All eyes on $1,280.00/oz

Gold daily chart

  • Gold is trading in a bull trend above the 200-period simple moving average (SMA).
  • Gold rejected $1,300.00 per ounce. 

Gold 4-hour chart

  • $1,280.00/oz is a very important support. A bearish break below it will likely be significant in the coming weeks.


Gold 30-minute chart

  • A break below 1,280.00 would likely lead to a drop to 1,277.00 and 1,272.00. 
  • To the upside, resistance is located near 1,295.35. 

Additional key levels

XAU/USD

Overview:
    Today Last Price: 1280.7
    Today Daily change: -8.2e+2 pips
    Today Daily change %: -0.638%
    Today Daily Open: 1288.92
Trends:
    Previous Daily SMA20: 1265.09
    Previous Daily SMA50: 1240
    Previous Daily SMA100: 1224.98
    Previous Daily SMA200: 1229.16
Levels:
    Previous Daily High: 1295.03
    Previous Daily Low: 1282.75
    Previous Weekly High: 1298.42
    Previous Weekly Low: 1276.82
    Previous Monthly High: 1284.7
    Previous Monthly Low: 1221.39
    Previous Daily Fibonacci 38.2%: 1290.34
    Previous Daily Fibonacci 61.8%: 1287.44
    Previous Daily Pivot Point S1: 1282.77
    Previous Daily Pivot Point S2: 1276.62
    Previous Daily Pivot Point S3: 1270.49
    Previous Daily Pivot Point R1: 1295.05
    Previous Daily Pivot Point R2: 1301.18
    Previous Daily Pivot Point R3: 1307.33

 

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