XAU/USD is consolidating gains after reaching fresh multi-year highs. The level to beat for buyers is the 1702.71 level. Gold daily chart XAU/USD is trading close to multi-year highs while above its main daily simple moving averages (SMAs). The yellow metal hit a new 2020 high amid increasing Coronavirus fears. Prime Minister Conte stated that all Italy is now ‘protected zone’. Gold four-hour chart After reaching the 1700.00 mark, XAU/USD is consolidating gains while trading above its main SMAs. Buyers stay in control although the metal arguably formed a double top/higher high with the February highs which bulls have now to overcome. Support should be expected in the 1674.72/1663.00 price zone, according to the Technical Confluences Indicator. Resistance: 1683.46, 1690.46, 1702.71 Support: 1674.72, 1670.00, 1663.00 Additional key levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Wall Street Close: US stock indexes fall around 7%, encroaching on official bearish trend FX Street 2 years XAU/USD is consolidating gains after reaching fresh multi-year highs. The level to beat for buyers is the 1702.71 level. Gold daily chart XAU/USD is trading close to multi-year highs while above its main daily simple moving averages (SMAs). The yellow metal hit a new 2020 high amid increasing Coronavirus fears. Prime Minister Conte stated that all Italy is now 'protected zone'. Gold four-hour chart After reaching the 1700.00 mark, XAU/USD is consolidating gains while trading above its main SMAs. Buyers stay in control although the metal arguably formed a double top/higher high with the February highs… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
