10 Dec 2019
Gold price analysis: XAU/USD eases from session’s highs, trades below $1465/oz
- Gold is off daily highs as the market is challenging the 1465 resistance.
- Support is seen at the 1455/50 price zone.
Gold daily chart
Gold stays not far away from four-month lows while trading below the 1465 resistance and the 50/100 SMAs.
Gold four-hour chart
The metal remains capped below the 1465 resistance and the 50/100 SMAs. Providing the 1472 resistance holds, the sellers might want to extend the bear move towards the 1455/50 zone and potentially to the 1440 level on the way down. Resistance is seen at the 1465 and 1472 price levels.
Additional key levels