Gold Price Analysis: Limited gains below the $1730/oz level for XAU/USD

  • XAU/USD bounces and finds resistance near the 1730 level. 
  • The picture is mixed with more choppiness ahead below the 1730 level.

XAU/USD four-hour chart

After bouncing from the 1690/1700 price zone XAU/USD is stalling below the 1730 resistance and the 50 SMA on the four chart. The picture is mixed as it seems the metal is challenging a tough resistance near the 1730 level. However, a break above the level would be necessary for more upside momentum towards the 1740 and 1750 levels. Support should emerge near the 1710 and 1700/1690 price levels. 

Additional key levels


Today last price 1721.84
Today Daily Change 12.40
Today Daily Change % 0.73
Today daily open 1709.44
Daily SMA20 1716.24
Daily SMA50 1674.94
Daily SMA100 1631.03
Daily SMA200 1562.84
Previous Daily High 1716.13
Previous Daily Low 1693.78
Previous Weekly High 1765.38
Previous Weekly Low 1717.34
Previous Monthly High 1747.82
Previous Monthly Low 1568.46
Daily Fibonacci 38.2% 1702.32
Daily Fibonacci 61.8% 1707.59
Daily Pivot Point S1 1696.77
Daily Pivot Point S2 1684.1
Daily Pivot Point S3 1674.42
Daily Pivot Point R1 1719.12
Daily Pivot Point R2 1728.8
Daily Pivot Point R3 1741.47



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