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- Gold is currently trading overall at a level unchanged at $ 1,282.
- The yellow metal fell $ 12 or 0.8% on Friday, confirming a downward break in the two-week price reduction range.
- An extended period of consolidation is often followed by a large movement in the direction of escape.
- As a result, gold may soon yield to the trend line linking the lows of 13 and 28 November. At the time of printing, this support is estimated at $ 1,264.
Daily chart
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- The bearish split between the 5 and 10 day moving average and the upward trend line breakdown over the 14 day relative strength index validates the bearish vision put forward by the distribution by fork.
Trend: bear
XAU / USD
Overview:
Today Last Price: 1281.46
Today Daily Change: 0.66 pips
Today Daily Change%: 0.05%
Today open daily: 1280.8
Tendencies:
Daily SMA20: 1283.9
Daily SMA50: 1252.63
Daily SMA100: 1233
Daily SMA200: 1228.8
levels:
Best Daily Previous: 1292.56
Previous Daily Minimum: 1280.65
Previous Week High: 1295.9
Previous weekly low: 1276.2
Best Previous Month: 1284.7
Previous Month Low: 1221.39
Daily Fibonacci 38.2%: 1285.2
Daily Fibonacci 61.8%: 1288.01
Daily pivot point S1: 1276.78
Daily pivot point S2: 1272.76
Daily pivot point S3: 1264.88
Daily pivot point R1: 1288.69
Daily Pivot Point R2: 1296.57
Daily pivot point R3: 1300.59
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