FX.co ★ XAU/USD, GOLD

Gold XAUUSD (H1) is trading above the day's opening level of 4495.00 and above the daily Pivot level of 4484.00. Key indicators show a bullish trend, and the price is above the MA72 trend line, where volume unloading usually occurs. A price increase above the level of 4515.00 will allow the price to move towards the level of 4530.00 or even higher to the level of 4550.00. Below the level of 4515.00, the pair will head south towards the level of 4484.00 and may even go lower to 4472.00. The pair is trading above the monthly Pivot level of 4130.27 (previous 4068.09), above the weekly Pivot level of 4328.00, and above the daily Pivot level, indicating a bullish sentiment for the pair. The fork on this session is at the level of 4515.00. The first resistance is at 4530.00, the first support is at 4472.00.