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  • XAU/USD is consolidating gains at the start of the new trading week. 
  • The level to beat for bulls is the 1740 resistance.

XAU/USD four-hour chart

XAU/USD is consolidating the recent gains while hovering above $1700 per troy ounce and the main SMAs on the four-hour chart. Gold bulls need a break above the 1740 resistance to move towards the 1780/1800 price zone. Occasional retracements down should find support near the 1690/1700 price zone and the 1660 level. 

Additional key levels