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.

Flavio Tosti Independent Analyst

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

Author

Flavio Tosti

Independent Analyst

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