FX.co ★ king.zelda | XAU/USD, GOLD

Hello traders, Gold XAUUSD (H1) is trading below the day's opening level of 5386.00 and above the daily Pivot level of 5172.00. Key indicators show a bullish trend, with the price above the 72-period moving average trend line, where volume unloading usually occurs. A price increase above the 5386.00 level will allow the price to move towards the level of 5396.00 or even higher to 5400.00 and beyond. Below the 5386.00 level, the pair will head south towards the level of 5375.00 and may even go lower to 5355.00. The pair is trading above the monthly Pivot level of 4987.58 (previous 4929.79), above the weekly Pivot level of 5217.00, and above the daily Pivot level, indicating a bullish sentiment for the pair. The opening level of the day is at 5386.00 for this session. The first resistance is at 5390.00, and the first support is at 5355.00.