Gold Price Analysis: XAU/USD nearing $1740/oz level


  • XAU/USD consolidated last week’s gains.  
  • The level to beat for buyers is the 1740 resistance.
 

XAU/USD four-hour chart

 
XAU/USD consolidates the recent gains while trading above $1700 per troy ounce and the main SMAs on the four-hour chart. The market is nearing the 1740 resistance. A break above the mentioned level can lead to more up towards the 1780/1800 price zone. Occasional pullbacks should find support near the 1690/1700 price zone and the 1660 level. 
    

 

Additional key levels

XAU/USD

Overview
Today last price 1734.26
Today Daily Change 6.55
Today Daily Change % 0.38
Today daily open 1727.71
 
Trends
Daily SMA20 1715.38
Daily SMA50 1660.28
Daily SMA100 1624.37
Daily SMA200 1558.64
 
Levels
Previous Daily High 1749.14
Previous Daily Low 1717.34
Previous Weekly High 1751.8
Previous Weekly Low 1690.05
Previous Monthly High 1747.82
Previous Monthly Low 1568.46
Daily Fibonacci 38.2% 1729.49
Daily Fibonacci 61.8% 1736.99
Daily Pivot Point S1 1713.65
Daily Pivot Point S2 1699.6
Daily Pivot Point S3 1681.85
Daily Pivot Point R1 1745.45
Daily Pivot Point R2 1763.2
Daily Pivot Point R3 1777.25

 

 

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