XAU/USD is consolidating gains while trading a few ticks away from the 2020 high. The level to beat for bulls is the 1612.53 resistance. Gold daily chart XAU/USD is trading in an uptrend above its main daily simple moving averages (SMAs). Gold is challenging the 2020 high near the 1611.53 level. Gold four-hour chart XAU/USD is challenging the 2020 highs. Bulls want to extend gains, however, the market needs to overcome the 1612.53 resistance in order to travel north towards 1620.89 and 1626.00 resistance levels. On the flip side, pullbacks down may find support near the 1605.84, 1596.00 and 1590.80 levels, according to the Technical Confluences Indicator. Resistance: 1612.53, 1620.89, 1626.00 Support: 1605.84, 1596.00, 1590.80 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 Breaking: USD/JPY soars to 111, highest since May 2019 amid dollar strength FX Street 2 years XAU/USD is consolidating gains while trading a few ticks away from the 2020 high. The level to beat for bulls is the 1612.53 resistance. Gold daily chart XAU/USD is trading in an uptrend above its main daily simple moving averages (SMAs). Gold is challenging the 2020 high near the 1611.53 level. Gold four-hour chart XAU/USD is challenging the 2020 highs. Bulls want to extend gains, however, the market needs to overcome the 1612.53 resistance in order to travel north towards 1620.89 and 1626.00 resistance levels. On the flip side, pullbacks down may find support near the… 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.
