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Gold Technical Analysis: Yellow Metal capped below the 1,297.00 mark

Gold daily chart

  • Gold is trading in a bull trend above its main simple moving averages (SMAs). 
  • The last bearish target at the 1,287.00 level has been hit to the pip.

Gold 4-hour chart

  • Gold is trading above its main SMAs suggesting bullish momentum in the near-term. 

Gold 30-minute chart

  • The market is set to decline to the 1,288.75 target.
  • Resistance is seen at the 1297.00 level.

Additional key levels 

XAU/USD

Overview:
    Today Last Price: 1293.91
    Today Daily change: 4.9e+2 pips
    Today Daily change %: 0.376%
    Today Daily Open: 1289.06
Trends:
    Previous Daily SMA20: 1278.53
    Previous Daily SMA50: 1247.69
    Previous Daily SMA100: 1230.43
    Previous Daily SMA200: 1228.94
Levels:
    Previous Daily High: 1294.75
    Previous Daily Low: 1286.95
    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%: 1289.93
    Previous Daily Fibonacci 61.8%: 1291.77
    Previous Daily Pivot Point S1: 1285.76
    Previous Daily Pivot Point S2: 1282.45
    Previous Daily Pivot Point S3: 1277.96
    Previous Daily Pivot Point R1: 1293.56
    Previous Daily Pivot Point R2: 1298.05
    Previous Daily Pivot Point R3: 1301.36

 

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