Gold Asia Price Forecast: XAU/USD consolidates gains, trades above $1700/oz mark


  • XAU/USD is consolidating gains in the first half of the trading week. 
  • The level to beat for bulls is the 1740 resistance.

 

XAU/USD four-hour chart

 
XAU/USD consolidates gains above $1700 per troy ounce and the main SMAs on the four-hour chart. Gold buyers would need a break above the 1740 resistance to extend the rally towards the 1780/1800 price zone. The retracement down may find support near the 1690/1700 price zone and the 1660 level. 
 
     

Additional key levels

XAU/USD

Overview
Today last price 1712.17
Today Daily Change -14.63
Today Daily Change % -0.85
Today daily open 1726.8
 
Trends
Daily SMA20 1716.29
Daily SMA50 1667.36
Daily SMA100 1628.2
Daily SMA200 1560.76
 
Levels
Previous Daily High 1736.02
Previous Daily Low 1721.89
Previous Weekly High 1765.38
Previous Weekly Low 1717.34
Previous Monthly High 1747.82
Previous Monthly Low 1568.46
Daily Fibonacci 38.2% 1727.29
Daily Fibonacci 61.8% 1730.62
Daily Pivot Point S1 1720.45
Daily Pivot Point S2 1714.11
Daily Pivot Point S3 1706.32
Daily Pivot Point R1 1734.58
Daily Pivot Point R2 1742.37
Daily Pivot Point R3 1748.71

 

 

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