Gold XAUUSD is a bit less convincing than other metals. However, on Daily time period the precious metal has established a short term uptrend (higher highs and higher lows). 200 Simple Moving Average seems to be a resistance. However, if Gold can break above USD 1.810/oz there is strong resistance at around USD1.834. That level is likely to be crucial for Bulls/Bears. If rejected Gold could slip back in to the 1.700’s. If breaking above 1.834 May high at around 1.900 is in play. Break below support at USD 1.745, 1.725 is next (stronger) support. On the Weekly time period Gold is in the process of forming a Descending ... (full story)