Yesterday, the XAU/USD traded in different directions in the range of $1907-$1933 and closed the day without significant changes. Today, gold rose slightly, rising to $1930. On the hourly chart, XAU/USD is still trading above the MA line (200) H1 ($1868). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the north direction in trading, and while gold remains above MA 200 H1, it may be necessary to look for entry points to buy for the formation of a correction.
Resistances levels are at: $1937, $1947, $1959
Support levels are at: $1907, $1885, $1871
Probably, the main scenario is the continuation of the upward movement to $1937 (Mar 15 high).
The alternative scenario is a break of the MA 200 H1 level, followed by a fall to $1809 (Mar 8 low).
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