FX.co ★ XAU/USD, GOLD

Gold XAUUSD (H4) is trading above the day's opening level of 3479.00 and above the daily Pivot level of 3468.00. Key indicators show a bullish trend, and the price is above the 72-period moving average trend line, where volume unloading usually occurs. A price increase above the 3479.00 level will allow the price to move towards the level of 3495.00 or even higher to 3508.00. Below the 3479.00 level, the pair will head south towards the level of 3470.00 and may even go lower to 3468.00. The pair is trading above the monthly Pivot level of 3394.51 (previous 3332.51), above the weekly Pivot level of 3417.00, and above the daily Pivot level, indicating a bullish sentiment for the pair. The fork on this session is the day's opening level of 3479.00. Resistance is at 3486.00, support at 3470.00.