Upside risks dominated the XAU/USD exchange rate on Monday. As a result, the yellow metal surged by 174 pips or 0.99% against the US Dollar during Monday’s trading session.
Given that the 55-, 100– and 200– hour SMAs are below the commodity, the precious metal’s price could continue to trend bullish. Buyers might target the 1820.00 level during the following trading session.
However, bullish traders might encounter resistance at 1800.00 within the following trading session.
