Gold Technical Analysis: Yellow Metal on the rise surpassing $1,320.00/oz

Gold daily chart

• Gold is trading in a bull trend above its main simple moving averages (SMAs).

Gold 4-hour chart

• Gold is trading above its main SMAs suggesting a bullish bias in the medium-term.

 
Gold 30-minute chart

• As the market is trading above its main SMAs bulls are currently in charge. 
• The next resistances lying ahead are likely situated at 1,322.00; 1,328.00 and $1,336.00 once.
• Support is at 1,320.00 and 1,312.00.

Additional key levels