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Technical analysis

Gold Price Climbs to 6-Month Tops Near $1,287

GKFX | Jan. 2, 2019
Gold Price Climbs to 6-Month Tops Near $1,287

January 2, GKFX – The precious metal reversed an early Asian session dip and climbed to fresh six-month tops, around $1287 region, in the last hour. The post-Christmas up-move has been along a short-term ascending trend-channel, which was now seemed to act as an immediate hurdle.

Gold Price Technical Forecast

Slightly overbought technical indicators on the daily chart turned out to be one of the key factors that prompted some profit-taking. However, oscillators on hourly charts maintained their bullish bias and hence, the pull-back might still be categorized as a buying opportunity.

Gold 30-mins. chart

    Today Last Price: 1285.4

    Today Daily change: 2.8e+2 pips

    Today Daily change %: 0.221%

    Today Daily Open: 1282.57

Trends:

    Previous Daily SMA20: 1255.92

    Previous Daily SMA50: 1234.97

    Previous Daily SMA100: 1221.32

    Previous Daily SMA200: 1229.3

Levels:

    Previous Daily High: 1282.85

    Previous Daily Low: 1279.4

    Previous Weekly High: 1284.7

    Previous Weekly Low: 1258.1

    Previous Monthly High: 1284.7

    Previous Monthly Low: 1221.39

    Previous Daily Fibonacci 38.2%: 1281.53

    Previous Daily Fibonacci 61.8%: 1280.72

    Previous Daily Pivot Point S1: 1280.36

    Previous Daily Pivot Point S2: 1278.16

    Previous Daily Pivot Point S3: 1276.91

    Previous Daily Pivot Point R1: 1283.81

    Previous Daily Pivot Point R2: 1285.06

    Previous Daily Pivot Point R3: 1287.26

Disclaimer

This article was provided by GKFX. The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you, then this should be solely at your discretion, and GKFX will not be held accountable in any way.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.