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Gold Technical Analysis: Yellow Metal running to daily highs near 1,296.00 level

Gold daily chart

  • Gold is trading in a bull trend above its main simple moving averages (SMAs). 

Gold 4-hour chart

  • Gold is trading above its main SMAs suggesting bullish momentum in the near-term. 
  • The yellow metal is testing the 1,296.00 resistance.

Gold 30-minute chart

  • Gold is set to depreciate against the US Dollar as the 1,296.00 resistance is capping prices.
  • Bearish target at 1,287.00 level.

Additional key levels


    Today Last Price: 1294.96
    Today Daily change: 6.5e+2 pips
    Today Daily change %: 0.504%
    Today Daily Open: 1288.46
    Previous Daily SMA20: 1274.27
    Previous Daily SMA50: 1244.74
    Previous Daily SMA100: 1228.57
    Previous Daily SMA200: 1229.03
    Previous Daily High: 1295.22
    Previous Daily Low: 1286.2
    Previous Weekly High: 1297.15
    Previous Weekly Low: 1279.35
    Previous Monthly High: 1284.7
    Previous Monthly Low: 1221.39
    Previous Daily Fibonacci 38.2%: 1291.77
    Previous Daily Fibonacci 61.8%: 1289.65
    Previous Daily Pivot Point S1: 1284.7
    Previous Daily Pivot Point S2: 1280.94
    Previous Daily Pivot Point S3: 1275.68
    Previous Daily Pivot Point R1: 1293.72
    Previous Daily Pivot Point R2: 1298.98
    Previous Daily Pivot Point R3: 1302.74


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