Gold Technical Analysis: Yellow Metal surges above $1,300.00/oz

Gold daily chart

• Gold is trading in a bull trend above its 100 and 200 simple moving averages (SMAs).

Gold 4-hour chart

• Gold is testing the 100 and 200 SMAs.

 
Gold 30-minute chart

• As the market is evolving above its main SMAs bulls are currently in charge. 
• The next resistances lying ahead are likely located at 1,304.00; 1,310; 1,315 and 1,325.00 level.
• Support is at 1,290.00 and 1,280.00.

Additional key levels