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9 Dec 2019
Gold price analysis: XAU/USD under pressure near four-month lows, trades below $1465/oz
- Gold remains under pressure at the start of the week.
- Bears are likely eying the 1455/50 price zone.
Gold daily chart
Gold remains under bearish pressure near four-month lows below the 1465 resistance and the 50/100 SMAs.
Gold four-hour chart
The metal is weakening below the main SMAs. The sellers will likely try to extend the bear move towards the 1455/50 zone and potentially to the 1440 lebel on the way down. Resistance is seen at the 1465 and 1472 price levels.
Additional key levels