Gold price analysis: XAU/USD under pressure near four-month lows, trades below $1465/oz
by Flavio Tosti- Gold remains under pressure at the start of the week.
- Bears are likely eying the 1455/50 price zone.
Gold daily chart
Gold remains under bearish pressure near four-month lows below the 1465 resistance and the 50/100 SMAs.
Gold four-hour chart
The metal is weakening below the main SMAs. The sellers will likely try to extend the bear move towards the 1455/50 zone and potentially to the 1440 lebel on the way down. Resistance is seen at the 1465 and 1472 price levels.
Additional key levels
XAU/USD
| Overview | |
|---|---|
| Today last price | 1460.78 |
| Today Daily Change | 0.08 |
| Today Daily Change % | 0.01 |
| Today daily open | 1460.7 |
| Trends | |
|---|---|
| Daily SMA20 | 1465.22 |
| Daily SMA50 | 1481.73 |
| Daily SMA100 | 1487.3 |
| Daily SMA200 | 1405.02 |
| Levels | |
|---|---|
| Previous Daily High | 1477.1 |
| Previous Daily Low | 1458.88 |
| Previous Weekly High | 1484.06 |
| Previous Weekly Low | 1454.05 |
| Previous Monthly High | 1515.38 |
| Previous Monthly Low | 1445.8 |
| Daily Fibonacci 38.2% | 1465.84 |
| Daily Fibonacci 61.8% | 1470.14 |
| Daily Pivot Point S1 | 1454.02 |
| Daily Pivot Point S2 | 1447.35 |
| Daily Pivot Point S3 | 1435.81 |
| Daily Pivot Point R1 | 1472.24 |
| Daily Pivot Point R2 | 1483.78 |
| Daily Pivot Point R3 | 1490.45 |