Gold is trading in the positive territory for third straight day. Next significant resistance for gold is located at $1,745. Sellers could look to take control if XAU/USD drops below $1,720. After closing the previous two trading days in the positive territory, the XAU/USD pair rose to its highest level in more than a week at $1,739 on Thursday. Although the pair seems to have gone into a consolidation phase ahead of the American session, the technical outlook suggests that it could extend its recovery to $1,745 area. As of writing, gold was up 0.47% on the day at $1,734.90. Gold technical outlook On the four-hour chart, the Relative Strength Index (RSI) indicator stays below 70, suggesting that there is more room for gold on the upside before it turns technically overbought in the near term. The initial target could be seen at $1,745 (Fibonacci 38.2% retracement of the February-March drop) ahead of $1,750 (100-period SMA). A decisive break through the latter could open the door for additional gains toward $1,765 (Fibonacci 50% retracement). On the downside, $1,720 (Fibonacci 23.6% retracement) aligns as a key support. If sellers manage to drag the price below that level, the next support is located at $1,710 (20-period SMA, 50-period SMA) before $1,700 (psychological level). Additional levels to watch for  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 ECB press conference: Lagarde speech live stream – March 11 FX Street 1 year Gold is trading in the positive territory for third straight day. Next significant resistance for gold is located at $1,745. Sellers could look to take control if XAU/USD drops below $1,720. After closing the previous two trading days in the positive territory, the XAU/USD pair rose to its highest level in more than a week at $1,739 on Thursday. Although the pair seems to have gone into a consolidation phase ahead of the American session, the technical outlook suggests that it could extend its recovery to $1,745 area. As of writing, gold was up 0.47% on the day at $1,734.90.… 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.