FX.co ★ king.zelda | XAU/USD, GOLD

Gold XAUUSD (H1) is trading near the day's opening level of 4598.00 and above the daily Pivot level of 4653.00. Key indicators show a northward direction and the price is above the MA72 trend line, where volume unloading usually occurs. A price increase above the level of 4698.00 will allow the price to move towards the level of 4721.00 or even higher to 4740.00 and above. Below the level of 4698.00, the pair will head south towards the level of 4685.00 and may even go lower to 4671.00 and below. The pair is trading above the monthly Pivot level of 4673.94 (previous 4727.56 and penultimate 4987.58), above the weekly Pivot level of 4618.00, and above the daily Pivot level, indicating a bullish sentiment for the pair. The current session's opening level is 4598.00. The first resistance is at 4721.00, the first support at 4685.00.