Gold Price Analysis: XAU/USD sideways, trading near $1730/oz

XAU/USD is consolidating gains at the start of the new trading week.
The level to beat for bulls is the 1740 resistance.

Flavio Tosti Independent Analyst

XAU/USD four-hour chart

XAU/USD is consolidating the recent gains while hovering above $1700 per troy ounce and the main SMAs on the four-hour chart. Gold bulls need a break above the 1740 resistance to move towards the 1780/1800 price zone. Occasional retracements down should find support near the 1690/1700 price zone and the 1660 level.

Additional key levels

XAU/USD

Overview
Today last price	1728.77
Today Daily Change	-5.45
Today Daily Change %	-0.31
Today daily open	1734.22

Trends
Daily SMA20	1715.66
Daily SMA50	1663.44
Daily SMA100	1626.42
Daily SMA200	1559.69

Levels
Previous Daily High	1740.43
Previous Daily Low	1724.46
Previous Weekly High	1765.38
Previous Weekly Low	1717.34
Previous Monthly High	1747.82
Previous Monthly Low	1568.46
Daily Fibonacci 38.2%	1734.33
Daily Fibonacci 61.8%	1730.56
Daily Pivot Point S1	1725.64
Daily Pivot Point S2	1717.07
Daily Pivot Point S3	1709.67
Daily Pivot Point R1	1741.61
Daily Pivot Point R2	1749.01
Daily Pivot Point R3	1757.58

Author

Flavio Tosti

Independent Analyst

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