• XAU/USD consolidated last week’s gains.  
  • The level to beat for buyers is the 1740 resistance.
 

XAU/USD four-hour chart

 
XAU/USD consolidates the recent gains while trading above $1700 per troy ounce and the main SMAs on the four-hour chart. The market is nearing the 1740 resistance. A break above the mentioned level can lead to more up towards the 1780/1800 price zone. Occasional pullbacks should find support near the 1690/1700 price zone and the 1660 level. 
    

 

Additional key levels