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Gold Technical Analysis: Line-in-the-sand at $1,230.00 for further advances

Gold 4-hour chart

  • Gold is trading in a bear trend below the 200-day simple moving average. 
  • Gold bulls objective is to break above 1,230.00 ressitance in order to reach the October highs. 
  • Technical indicators are supportive of higher prices. 

Additional key levels

XAU/USD

Overview:
    Today Last Price: 1221.68
    Today Daily change: -2.4e+2 pips
    Today Daily change %: -0.193%
    Today Daily Open: 1224.04
Trends:
    Previous Daily SMA20: 1217.42
    Previous Daily SMA50: 1219.75
    Previous Daily SMA100: 1208.44
    Previous Daily SMA200: 1235.01
Levels:
    Previous Daily High: 1228.9
    Previous Daily Low: 1220.3
    Previous Weekly High: 1230.3
    Previous Weekly Low: 1217.7
    Previous Monthly High: 1243.43
    Previous Monthly Low: 1182.54
    Previous Daily Fibonacci 38.2%: 1225.62
    Previous Daily Fibonacci 61.8%: 1223.59
    Previous Daily Pivot Point S1: 1219.93
    Previous Daily Pivot Point S2: 1215.82
    Previous Daily Pivot Point S3: 1211.34
    Previous Daily Pivot Point R1: 1228.53
    Previous Daily Pivot Point R2: 1233.01
    Previous Daily Pivot Point R3: 1237.12

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