Gold is starting to hold below the $1,900 level after hitting strong technical resistance around the $1,912 level earlier this week. The four-hour time frame currently shows that a substantial amount of negative MACD price divergence has formed on the charts down the $1,850 level. A pullback towards the mentioned area may provide a significant buying opportunity.
XAUUSD is only bullish while trading above the $1,880 level, key resistance is found at the $1,910 and the $1,945 levels.
If XAUUSD trades below the $1,880 level, sellers may test the $1,870 and $1,850 support levels.
