Gold test support for MA 200 H1
Yesterday, the XAU/USD pair traded lower and closed the day in the red zone around $1,919. Today, gold was trading in a narrow range of $1,915-$24, staying close to yesterday’s closing price.
In chart XAU/USD support force test hour – ma (200) H1 ($1900) average line. On the four-hour chart, gold is still above the MA 200 H4 line. Based on the above, it is probably worth sticking to the north direction in trading and as long as the pair remains above MA 200 H1, it is necessary to look for entry points to purchase to create a correction.
Resistances are: $1937, $1959, $1965-73 Support Levels are located at: $1900, $1885, $1871
The main scenario of the couple’s promotion is to continue moving up to $1937 (maximum US session January 6). The alternative scenario is to set below MA 200 H1 and then fall to $1,856 (minimum December 23).