Gold XAUUSD (H1) is trading above the day's opening level of 4561.00 and above the daily Pivot level of 4554.00. Key indicators show bearish sentiment and the price is below the MA72 trend line, where volume unloading usually occurs. A price increase above the level of 4580.00 will allow the price to move towards the level of 4600.00 or even 4610.00 and higher. Below the level of 4580.00, the pair will move south towards the level of 4539.00 and may even go lower to 4505.00 and below. The pair is trading below the monthly Pivot level of 4727.56 (previous 4987.58 and pre-previous 4929.79), below the weekly Pivot level of 4732.00, and above the daily Pivot level, indicating a corrective mood for the pair. The current session's fork level is 4580.00. The first resistance is at 4582.00, the first support at 4561.00.
