• XAU/USD starts the new week sidelined just above the 1700.00 mark. 
  • The level to beat for bulls is the 1740 resistance.
 
 
 

XAU/USD four-hour chart

 
XAU/USD consolidates the advance originating from mid-March as the metal trades just above the 1700.00 mark but below the 50/100SMAs on the four-hour chart and above the 200 SMA. XAU/USD bullish bias remains intact with bulls looking for a break above the 1740.00 level on a daily closing basis which could open the doors toward the 1740 and 1780/1800 resistance zone. On the flip side, support is expected to emerge near 1700/1690 price level in the medium-term while further down lies the 1660 level. 
  

Additional key levels

XAU/USD

Overview
Today last price 1700.21
Today Daily Change 0.00
Today Daily Change % 0.00
Today daily open 1700.21
 
Trends
Daily SMA20 1694.54
Daily SMA50 1638.3
Daily SMA100 1592.94
Daily SMA200 1541.06
 
Levels
Previous Daily High 1705.82
Previous Daily Low 1670.72
Previous Weekly High 1728.71
Previous Weekly Low 1670.72
Previous Monthly High 1747.82
Previous Monthly Low 1568.46
Daily Fibonacci 38.2% 1692.41
Daily Fibonacci 61.8% 1684.13
Daily Pivot Point S1 1678.68
Daily Pivot Point S2 1657.15
Daily Pivot Point S3 1643.58
Daily Pivot Point R1 1713.78
Daily Pivot Point R2 1727.35
Daily Pivot Point R3 1748.88

 

 

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