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7 Feb 2019

Gold Technical Analysis: Break of immediate support line highlights $1297 for sellers

  • Gold slipped under a weeklong ascending support-line and is trading around $1307 during early Thursday.
  • With the break of immediate support, a horizontal line comprising early January highs and month-end lows $1297 gains sellers’ attention.
  • Given the prices slid beneath $1297, an upward slanting trend-line stretched since late November 2018, at $1294, seems important support as a break of which can drag the quote to $1286 and then to the $1277 rest-points.
  • Meanwhile, $1316 can serve as nearby resistance for the bullion, breaking which highlights the $1323.40 and the $1326.25 as following levels to watch.
  • Should there be additional upside beyond $1326.25, the $1330 may come back on the chart.

Gold 4-Hourly chart

XAU/USD

Overview:
    Today Last Price: 1307.2
    Today Daily change: 0.40 pips
    Today Daily change %: 0.03%
    Today Daily Open: 1306.8
Trends:
    Daily SMA20: 1297.57
    Daily SMA50: 1274.31
    Daily SMA100: 1246.82
    Daily SMA200: 1230.45
Levels:
    Previous Daily High: 1322.3
    Previous Daily Low: 1306.12
    Previous Weekly High: 1326.25
    Previous Weekly Low: 1297.8
    Previous Monthly High: 1326.25
    Previous Monthly Low: 1275.9
    Daily Fibonacci 38.2%: 1312.3
    Daily Fibonacci 61.8%: 1316.12
    Daily Pivot Point S1: 1301.18
    Daily Pivot Point S2: 1295.56
    Daily Pivot Point S3: 1285
    Daily Pivot Point R1: 1317.36
    Daily Pivot Point R2: 1327.92
    Daily Pivot Point R3: 1333.54

 

Feb 7, 2019

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Feb 7, 2019

NZD/USD Technical Analysis: Looks south after biggest single-day drop since Aug. 9

The NZD/USD pair fell 1.74 percent yesterday - the biggest single-day drop since Aug. 9 - and could soon drop to 0.67 as a weaker-than-expected New Ze
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