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Ticker: XAUUSD ISIN: Type: Commodities
Open: 1,209.47
Change: +2.80
Volume: 61,352
High: 1,209.39
Low: 1,219.57
High / Low range: 10.18
1,218.37 USD (+0.23%) 2017-01-23 02:24:51 Real time - Gold & Silver Spot

GOLD - USD - Will Gold Meet Again the $1,200? - 4H

The yellow metal after the roller coaster to the downside is printing the second green day in a row and rose more than 0.8%. The XAU/USD pair had a significant pullback on the $1,171 support level and now is moving slightly below the $1,200 key psychological barrier.

Technically, if the price surge above the latter level it will open the way for the $1,221 resistance barrier but the price should go through the 50-SMA on the 4-hour chart. An alternative scenario is a bounce off the referred psychological level and then the pair will slip and hit the previous eight-month low. On the 4-hour chart, technical indicators are moving higher, near its mid-levels. The MACD oscillator holds above its trigger line, whilst the RSI indicator lies near the 50 level.
GOLD - USD live chart
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