Gold Price Analysis: XAU/USD sideways, trading near $1730/oz


  • XAU/USD is consolidating gains at the start of the new trading week. 
  • The level to beat for bulls is the 1740 resistance.
 

XAU/USD four-hour chart

 
XAU/USD is consolidating the recent gains while hovering above $1700 per troy ounce and the main SMAs on the four-hour chart. Gold bulls need a break above the 1740 resistance to move towards the 1780/1800 price zone. Occasional retracements down should find support near the 1690/1700 price zone and the 1660 level. 
    
 

Additional key levels

XAU/USD

Overview
Today last price 1728.77
Today Daily Change -5.45
Today Daily Change % -0.31
Today daily open 1734.22
 
Trends
Daily SMA20 1715.66
Daily SMA50 1663.44
Daily SMA100 1626.42
Daily SMA200 1559.69
 
Levels
Previous Daily High 1740.43
Previous Daily Low 1724.46
Previous Weekly High 1765.38
Previous Weekly Low 1717.34
Previous Monthly High 1747.82
Previous Monthly Low 1568.46
Daily Fibonacci 38.2% 1734.33
Daily Fibonacci 61.8% 1730.56
Daily Pivot Point S1 1725.64
Daily Pivot Point S2 1717.07
Daily Pivot Point S3 1709.67
Daily Pivot Point R1 1741.61
Daily Pivot Point R2 1749.01
Daily Pivot Point R3 1757.58

 

 

Share: Feed news

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended content

Editors’ Picks

EUR/USD falls toward 1.0500 amid risk-off mood

EUR/USD falls toward 1.0500 amid risk-off mood

EUR/USD has come under fresh selling pressure, easing toward 1.0500 in the European session on Thursday. The pair faces headwinds from risk-off flows due to rising geopolitical conflict between Russia and Ukraine and worries over the potential US tariffs on the EU. ECB- and Fedspeak are awaited. 

EUR/USD News
GBP/USD stays pressured toward 1.2600 ahead of US data, Fedspeak

GBP/USD stays pressured toward 1.2600 ahead of US data, Fedspeak

GBP/USD remains pressured toward 1.2600 in European trading on Thursday. The pair's underperformance could be attributed to a risk-aversion market environment. Traders stay cautious amid rife geopolitical tensions ahead of mid-tier US data and Fedspeak. 

GBP/USD News
Gold price extends gains beyond $2,650 amid rising geopolitical risks

Gold price extends gains beyond $2,650 amid rising geopolitical risks

Gold price extends its bullish momentum further above $2,650 in Thursday's European session. Gold price risies for the fourth straight day, sponsored by geopolitical risks stemming from the worsening Russia-Ukraine war. US data and Fedspeak are next in focus. 

Gold News
BTC hits an all-time high above $97,850, inches away from the $100K mark

BTC hits an all-time high above $97,850, inches away from the $100K mark

Bitcoin hit a new all-time high of $97,852 on Thursday, and the technical outlook suggests a possible continuation of the rally to $100,000. BTC futures have surged past the $100,000 price mark on Deribit, and Lookonchain data shows whales are accumulating.

Read more
A new horizon: The economic outlook in a new leadership and policy era

A new horizon: The economic outlook in a new leadership and policy era

The economic aftershocks of the COVID pandemic, which have dominated the economic landscape over the past few years, are steadily dissipating. These pandemic-induced economic effects are set to be largely supplanted by economic policy changes that are on the horizon in the United States.

Read more
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

Forex MAJORS

Cryptocurrencies

Signatures