- XAU / USD remains in the range above the 1690/1700 support area.
- The level to beat for buyers of the resistance of 1740.
Four-hour XAU / USD chart
XAU / USD is sidelined after the bullish recovery in mid-March. Gold Holds Above 1690/1700 Support Zone and Major SMAs on the Four-Hour Chart Suggest Bullish Bias Remains Intact, Buyers Expect Sustained Break above 1740 Basis daily. Potential upward resistance can be seen near the 1780/1800 price zone.