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10 Dec 2019
Gold price analysis: XAU/USD rolling into the Asian session below $1465/oz resistance
- Gold is ending the first day of the week little changed.
- As XAU/USD remains vulnerable to the downside, sellers might have their eyes set on the 1455/50 price zone.
Gold daily chart
Gold stays under selling pressure near four-month lows while trading below the 1465 resistance and the 50/100 SMAs.
Gold four-hour chart
The metal remains vulnerable below the 1465 resistance and the main SMAs. The bears should try to extend the down 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