Gold resistance MA 200 H1

On Friday, the XAU/USD pair traded higher and closed the day in positive territory around $1,886. Today, gold rose slightly to $1,898.

XAU/USD resistance tests on the hourly chart – moving average line MA (200) H1 ($1899). On the four-hour chart, gold remains below the MA 200 H4 line. On the basis of the above, it is probably worth sticking to the south direction in trading and as long as the pair remains below MA 200 H1, it is necessary to look for entry points for sale to create a correction. 

Resistances are: $1922, $1965, $1973 Support Levels are located at: $1874, $1850-56, $1795

The main scenario of the couple’s promotion is to continue moving down to $1874 (minimum November 13). The alternative scenario is to set above MA 200 H1 and then rise to $1,965 (up to November 9).

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