• XAU/USD remains sidelined near the 1690/1700 support zone. 
  • The level to beat for buyers is the 1740 resistance.
 
 
 

XAU/USD four-hour chart

 
XAU/USD is consolidating the bull-run from mid-March as gold trades in the 1690/1700 support zone but below the 50/100SMAs on the four-hour chart while above the 200 SMA. The bullish bias on XAU/USD remains intact with buyers eyeing for a break above the 1740 level on a daily closing basis which may open the gates toward the 1740 and 1780/1800 resistance zone. Conversely, support can emerge near 1660 price level in the medium-term.
  

Additional key levels

XAU/USD

Overview
Today last price 1690.42
Today Daily Change -14.60
Today Daily Change % -0.86
Today daily open 1705.02
 
Trends
Daily SMA20 1701.04
Daily SMA50 1640.39
Daily SMA100 1597.49
Daily SMA200 1543.87
 
Levels
Previous Daily High 1712.27
Previous Daily Low 1690.12
Previous Weekly High 1728.71
Previous Weekly Low 1670.72
Previous Monthly High 1747.82
Previous Monthly Low 1568.46
Daily Fibonacci 38.2% 1703.81
Daily Fibonacci 61.8% 1698.58
Daily Pivot Point S1 1692.67
Daily Pivot Point S2 1680.32
Daily Pivot Point S3 1670.52
Daily Pivot Point R1 1714.82
Daily Pivot Point R2 1724.62
Daily Pivot Point R3 1736.97

 

 

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.

Feed news Join Telegram

Recommended content


Recommended content

Editors’ Picks

EUR/USD stays below 1.0400 as focus shifts to US data

EUR/USD stays below 1.0400 as focus shifts to US data

EUR/USD clings to modest daily gains and trades at around 1.0350. Eurostat reported on Wednesday annual Core HICP remained steady at 5% in the Eurozone in November as expected. Investors await US ADP employment data and Powell's speech.

EUR/USD News

GBP/USD steadies near 1.2000 ahead of US data

GBP/USD steadies near 1.2000 ahead of US data

GBP/USD managed to stage a rebound from the 1.1950 area but lost its bullish momentum near 1.2000 as investors await the ADP private sector employment report from the US. FOMC Chairman Jerome Powell will deliver a speech on the economy and inflation later.

GBPUSD News

Gold clings to gains near $1,760, eyes on Powell

Gold clings to gains near $1,760, eyes on Powell

Gold price trades in positive territory at around $1,760 as the US Dollar struggles to find demand. Ahead of the ADP employment data from the US and Fed Chari Powell's speech, the 10-year US Treasury bond yield holds steady above 3.7%. 

Gold News

Three on-chain metrics suggest Bitcoin price has bottomed, here’s where BTC is going next

Three on-chain metrics suggest Bitcoin price has bottomed, here’s where BTC is going next

Bitcoin price action has spiked 5% over the last 24 hours, hinting at the start of an optimistic scenario. Previous publications have already explored why BTC is ready for a bear market rally from both short-term and long-term outlooks.

Read more

ADP Jobs Preview: Markets set to find more reasons to sell the Dollar, big beat needed to boost it Premium

ADP Jobs Preview: Markets set to find more reasons to sell the Dollar, big beat needed to boost it

ADP's jobs report has finally come in line with the official NFP report. It took a hiatus and a change in formula to make that happen, but what matters is that this release finally matters. 

Read more

Forex MAJORS

Cryptocurrencies

Signatures