Gold is started Monday with a slight negative trading bias after Friday’s price close produced a bearish reversal candle on the weekly chart. Technical analysis highlights that the next big directional move should come once the $1,800 to $1,870 price range is broken. Traders should be aware that the yellow-metal could surge towards the $2,000 level if the $1,870 resistance level is overcome.
The XAUUSD pair is only bullish while trading above the $1,840 level, key resistance is found at the $1,870 and the $1,910 levels.
If the XAUUSD pair trades below the $1,840, sellers may test the $1,800 and $1,770 support levels.
