Gold technical analysis: Yellow metal jumps to 3-day high as bulls face 1,290.00 resistance

• Gold is rsising as the US Dollar i sseeing a downtick accross the board.
• Can the bulls break 1,290.00 resistance ? 

Gold daily chart
 
Gold is seeing bullish action this Thursday as the market is testing 1,290.00 resistance.

Gold 4-hour chart

Gold is trading above its main simple moving averages (SMAs) but bulls will need to overcome 1,290.00 resistance.

Gold 30-minute chart

The market is trading above its main SMAs suggesting bullish momentum in the near term. If bulls break 1,288.00 resistance the market can continue to rise towards 1,290.00 and potentially to 1,294.00 if the buyers gather enough steam. Supports are at 1,280.00 and 1,277.50 levels.

Additional key levels