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  • XAU/USD bounces and finds resistance near the 1730 level. 
  • The picture is mixed with more choppiness ahead below the 1730 level.

XAU/USD four-hour chart

After bouncing from the 1690/1700 price zone XAU/USD is stalling below the 1730 resistance and the 50 SMA on the four chart. The picture is mixed as it seems the metal is challenging a tough resistance near the 1730 level. However, a break above the level would be necessary for more upside momentum towards the 1740 and 1750 levels. Support should emerge near the 1710 and 1700/1690 price levels. 

Additional key levels