XAU/USD consolidates gains after hitting fresh 2020 highs. The level to beat for bulls is the 1702.71 level. Gold daily chart XAU/USD is trading near multi-year highs while above the main daily simple moving averages (SMAs). The metal reached a new 2020 high amid growing Coronavirus concerns in Italy. Gold four-hour chart After hitting the 1700.00 mark, XAU/USD is consolidating the gains while trading above the main SMAs. Bulls remain in control although the market arguably created a double top with the February highs that bulls will have to overcome. At press time, support can 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 Ethereum Classic remains the market leader; the coin gains 7.5% since the beginning of Monday FX Street 3 years XAU/USD consolidates gains after hitting fresh 2020 highs. The level to beat for bulls is the 1702.71 level. Gold daily chart XAU/USD is trading near multi-year highs while above the main daily simple moving averages (SMAs). The metal reached a new 2020 high amid growing Coronavirus concerns in Italy. Gold four-hour chart After hitting the 1700.00 mark, XAU/USD is consolidating the gains while trading above the main SMAs. Bulls remain in control although the market arguably created a double top with the February highs that bulls will have to overcome. At press time, support can be… 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.
