Gold is trading back towards the $1,900 resistance level after dip-buyers stepped in aggressively last Friday, around the $1,855 support area. The one-hour time frame shows that bearish MACD price divergence has formed until the $1,880 support level. Traders may use any pullbacks towards the $1,880 support zone as another dip-buying opportunity, with the $1,915 level the next upside target.
XAUUSD is only bullish while trading above the $1,880 level, key resistance is found at the $1,900 and the $1,915 levels.
If XAUUSD trades below the $1,880 level, sellers may test the $1,870 and $1,855 support levels.
