Gold Short-Term Technical Outlook
From a technical perspective, the daily chart of gold shows that the price of gold remains below the currently flat 20-day simple moving average (SMA), which provides dynamic resistance near $2,910.00/oz. The longer-term moving averages continue to move upwards at levels well below the current gold price, suggesting that bulls remain in control in the long term. Meanwhile, technical indicators have turned down near their mid-lines, suggesting that gold prices may extend their corrective decline before finding new buying interest.
In the near term, the price of gold is at risk of continuing its decline as seen on the 4-hour chart. The 20-period SMA and the 100-period SMA provide resistance in the $2,910/oz area, while the bullish 200-period SMA hovers around $2,867/oz, providing support. Finally, technical indicators remain in negative territory, albeit with mixed strength. However, a break below the intraday low of $2,881.80/oz on March 4 could see the price of gold fall further.
Important support and resistance levels:
Support level: $2881.80/oz; $2867.10/oz; $2854.95/oz
Resistance level: $2910.00/oz; $2927.90/oz; $2941.40/oz
From a technical perspective, the daily chart of gold shows that the price of gold remains below the currently flat 20-day simple moving average (SMA), which provides dynamic resistance near $2,910.00/oz. The longer-term moving averages continue to move upwards at levels well below the current gold price, suggesting that bulls remain in control in the long term. Meanwhile, technical indicators have turned down near their mid-lines, suggesting that gold prices may extend their corrective decline before finding new buying interest.
In the near term, the price of gold is at risk of continuing its decline as seen on the 4-hour chart. The 20-period SMA and the 100-period SMA provide resistance in the $2,910/oz area, while the bullish 200-period SMA hovers around $2,867/oz, providing support. Finally, technical indicators remain in negative territory, albeit with mixed strength. However, a break below the intraday low of $2,881.80/oz on March 4 could see the price of gold fall further.
Important support and resistance levels:
Support level: $2881.80/oz; $2867.10/oz; $2854.95/oz
Resistance level: $2910.00/oz; $2927.90/oz; $2941.40/oz
액티브 트레이드
Key data to watch today:US February unadjusted CPI annual rate
US February seasonally adjusted CPI monthly rate
US February seasonally adjusted core CPI monthly rate
US February unadjusted core CPI annual rate
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관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.